Tuesday 11/30/2010
Central: Investing in four years, Gone with the Wind
Revealed a senior official at the Central Bank of Iraq to foreign investment in Iraq has not achieved the desired results since the adoption of the Investment Law in 2006
The central bank adviser said the appearance of Mohammed Saleh said that since the enactment of the Investment Law No. 13 of 2006 where we have not seen any progress in attracting foreign investment so far
The reason is due to internal and external factors are an obstacle to the foreign investor, on the grounds that Iraq is still under Chapter VII, which is the biggest impediment to investment.
Saleh added that Chapter VII is an international threat to the Iraqi economy because it allows the use of force and injustice of this is Iraq, which seeks good relations at the international level.
And on internal factors is that the investment environment also remains unattractive, since the majority of the investment laws are incomplete, as well as the difficulties faced by large investors such as the allocation of plots of land for projects and a lot of other obstacles.
http://www.almadapaper.net/news.php?action=view&id=31029
Revealed a senior official at the Central Bank of Iraq to foreign investment in Iraq has not achieved the desired results since the adoption of the Investment Law in 2006
The central bank adviser said the appearance of Mohammed Saleh said that since the enactment of the Investment Law No. 13 of 2006 where we have not seen any progress in attracting foreign investment so far
The reason is due to internal and external factors are an obstacle to the foreign investor, on the grounds that Iraq is still under Chapter VII, which is the biggest impediment to investment.
Saleh added that Chapter VII is an international threat to the Iraqi economy because it allows the use of force and injustice of this is Iraq, which seeks good relations at the international level.
And on internal factors is that the investment environment also remains unattractive, since the majority of the investment laws are incomplete, as well as the difficulties faced by large investors such as the allocation of plots of land for projects and a lot of other obstacles.
http://www.almadapaper.net/news.php?action=view&id=31029
