Friday, May 20, 2011National investment and signed contracts worth almost $15 billion
A government official said that the investments in Iraq started to recover with improved security and political stability, recognizing a set of obstacles, including weak banking system and insurance sector and the problems associated with land.
Salar said Mohammed Amin, Deputy Chairman of the National Investment Commission authorized told Reuters that these factors do not represent a problem right now although there are other obstacles to be overcome so that Iraq can attract foreign capital it needs.
He added that talk of an investor comes to invest his money in a foreign country, there are important factors will be asked, such as security and political conditions and the banking system and insurance, and insisted that they were able to resolve 50% of these problems.
He said that the National Authority for Investment signed contracts for foreign investments and new investments to the private sector $ 10 billion to $ 15 billion since the beginning of this year compared with 10 billion Dolart in 2010 as a whole.
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