October 2, 2010
Investment Authority: 750 offered an opportunity at the Bahrain worth $ 650 billion
Economist asserts that these events give strong impetus for companies to enter the national market
بغداد ـ الصباح Baghdad morning
National Investment Authority announced yesterday that it has been 750 investment opportunity at a conference held yesterday in Manama, Bahrain.
The head of the National Investment Authority Sami Araji in a statement to the site «Alsumaria News» The «Iraq Showing 750 investment opportunity,
Including 250 of the city of Baghdad, the investors participating in the Conference on Trade and Investment Iraq, which was held in Manama, Bahrain's capital », pointing out that« the value of investment proposals submitted by Iraq amounted to $ 650 billion.
He added that Iraq, within the five-year plan, which extends from 2010 to 2014 had been allocated $ 186 billion, to create projects in all regions, of which 100 billion will be allocated from the national budget, while the government expects that investment would be 86 billion from investors to projects» , indicating that «the investments that have been presented at the conference, which included multiple sectors, including those related to investment opportunities in oil and gas and refining sectors of chemical and petrochemical, agriculture, electricity and construction of housing complexes, as well as infrastructure, including drinking water and sanitation.
The Group Economist Conferences has hosted the Wednesday summit of business and investment in Iraq in the Bahraini capital Manama, which was attended by a large number of economic officials and Iraqi politicians, including a number of ministers, as well as dozens of investors and businessmen to identify the investors map investment in the country.
The Araji that «Iraq is about to build a number of refineries in the four governorates, in addition to the laying of pipes for oil and gas across the country, as well as seeking to build one million housing units, including the Kurdistan region of Iraq within the project of the National Housing», saying that «the legal and regulatory environment very ripe at the present time to invest in Iraq, after the establishment of security.
The Chairman of the Commission that there is considerable interest by the government to set up conferences of national investment, whether in Bahrain or Energy Conference to be held in Istanbul in Turkey next month, indicating that this «conferences come to encourage investments, or directing investors to the new situation.
For his part, the economic expert on behalf of Jamil Antoine said in a statement of the site itself: that «Iraq needs to investors in important sectors such as oil, agriculture, industry and tourism», indicating that «the conference which was held by the government have added something important to the Iraqi state, that the Conference of Manama, will give strong impetus for investors to find great opportunities for investment », indicating that« Iraq needs substantial funds, whether from the Gulf States or other countries.
The Antoine that «the investment law of 2006 is not sufficient, for the time being, to attract investors», indicating that «the investment needs and investment environment awareness and attitude of investment and facilitate access to leaves of investment, without difficulties, as well as finding amendments to other laws, such as the tax and the law Law firms and workers, in addition to the elimination of red tape experienced by the Iraqi state.
The parliament approved in October 2006 investment law, which it was said at the time it would open the door to foreign investment, for providing a lot of facilities to foreign investors, many foreign companies still hesitate because of fear of the security reality, in addition to that the law did not give investors the right to ownership of the property the project, and equated the Iraqi and foreign investors in all the privileges, except for real estate ownership, as can a foreign investor from the rental of land for a period of 50 years subject to renewal, according to paragraph 11 of the Investment Law.
It is noteworthy that Iraq held earlier conferences investment in a number of countries in the world, including the London Conference on 30 April last year, 2009, offering more than 500 investment opportunities in the London Conference, and the participation of more than 250 British companies and foreign, while holding another conference in Washington in October of last year, 2009, Iraq offered more than a thousand investment opportunity for U.S. companies to participate.
Investment Authority: 750 offered an opportunity at the Bahrain worth $ 650 billion
Economist asserts that these events give strong impetus for companies to enter the national market
بغداد ـ الصباح Baghdad morning
National Investment Authority announced yesterday that it has been 750 investment opportunity at a conference held yesterday in Manama, Bahrain.
The head of the National Investment Authority Sami Araji in a statement to the site «Alsumaria News» The «Iraq Showing 750 investment opportunity,
Including 250 of the city of Baghdad, the investors participating in the Conference on Trade and Investment Iraq, which was held in Manama, Bahrain's capital », pointing out that« the value of investment proposals submitted by Iraq amounted to $ 650 billion.
He added that Iraq, within the five-year plan, which extends from 2010 to 2014 had been allocated $ 186 billion, to create projects in all regions, of which 100 billion will be allocated from the national budget, while the government expects that investment would be 86 billion from investors to projects» , indicating that «the investments that have been presented at the conference, which included multiple sectors, including those related to investment opportunities in oil and gas and refining sectors of chemical and petrochemical, agriculture, electricity and construction of housing complexes, as well as infrastructure, including drinking water and sanitation.
The Group Economist Conferences has hosted the Wednesday summit of business and investment in Iraq in the Bahraini capital Manama, which was attended by a large number of economic officials and Iraqi politicians, including a number of ministers, as well as dozens of investors and businessmen to identify the investors map investment in the country.
The Araji that «Iraq is about to build a number of refineries in the four governorates, in addition to the laying of pipes for oil and gas across the country, as well as seeking to build one million housing units, including the Kurdistan region of Iraq within the project of the National Housing», saying that «the legal and regulatory environment very ripe at the present time to invest in Iraq, after the establishment of security.
The Chairman of the Commission that there is considerable interest by the government to set up conferences of national investment, whether in Bahrain or Energy Conference to be held in Istanbul in Turkey next month, indicating that this «conferences come to encourage investments, or directing investors to the new situation.
For his part, the economic expert on behalf of Jamil Antoine said in a statement of the site itself: that «Iraq needs to investors in important sectors such as oil, agriculture, industry and tourism», indicating that «the conference which was held by the government have added something important to the Iraqi state, that the Conference of Manama, will give strong impetus for investors to find great opportunities for investment », indicating that« Iraq needs substantial funds, whether from the Gulf States or other countries.
The Antoine that «the investment law of 2006 is not sufficient, for the time being, to attract investors», indicating that «the investment needs and investment environment awareness and attitude of investment and facilitate access to leaves of investment, without difficulties, as well as finding amendments to other laws, such as the tax and the law Law firms and workers, in addition to the elimination of red tape experienced by the Iraqi state.
The parliament approved in October 2006 investment law, which it was said at the time it would open the door to foreign investment, for providing a lot of facilities to foreign investors, many foreign companies still hesitate because of fear of the security reality, in addition to that the law did not give investors the right to ownership of the property the project, and equated the Iraqi and foreign investors in all the privileges, except for real estate ownership, as can a foreign investor from the rental of land for a period of 50 years subject to renewal, according to paragraph 11 of the Investment Law.
It is noteworthy that Iraq held earlier conferences investment in a number of countries in the world, including the London Conference on 30 April last year, 2009, offering more than 500 investment opportunities in the London Conference, and the participation of more than 250 British companies and foreign, while holding another conference in Washington in October of last year, 2009, Iraq offered more than a thousand investment opportunity for U.S. companies to participate.
alsabah
