22/03/2011A new strategy for the work of investment bodies
البصرة – الصباح Basra - Al Sabah
The head of Basra Investment Commission, that the National Investment Commission has formed a committee of investment bodies Babylon, Anbar and Basra to draw a new strategy for the work of bodies during the 100 days granted by the President of the Council of Ministers for the purpose of improving the work of ministries and independent bodies.
Haidar al-Ali Fadel told the Kurdish news agency (Rn) that »the newly formed intends to apply a specialized program includes three phases starting from the stage of 100 days set by the prime minister, as well as post-100 days, a phase of mid-level, in addition to stage-level remote.
He explained that the »purpose of the formation of this committee to redraw the map of investment under the guidance of the President of the National Investment Commission and the delivery of new investment in a map X from April next for the purpose of approval by the relevant authorities».
He added that »after the adoption of this strategy by the National Investment Commission will work in which all investment authorities in Iraq», adding that »the Commission will exercise most of its business during the next two weeks at the headquarters of the National Investment Commission in Baghdad in order to develop a mechanism of action for dealing with the ministries, which owns the majority of land investment and that out paper work to facilitate an integrated action in the next phase ».
He said Fadel that »the Committee is trying to facilitate the investment process in Iraq by proposing amendments to the Investment Law, as well as out paper work to be agreed upon between the investment organizations, and between the National Investment Commission with the ministries of possession the other hand, in order to launch the investment process a smooth and transparent ».
He stressed that »there rings routine that will disrupt the investment process, notably the way in which grant investment licenses and the complicated procedures associated with the acquisition of approvals and other owners of the land of red tape».
He concluded by saying that «the main task of the Committee at this stage is to reduce these episodes and accounted for one ring to facilitate the investment process in full».
