October 13, 2011Iraqi investment in Jordan reached $300 million
Baghdad confirmed the Jordanian government, that the volume of investments, Iraq has an estimated $300 million, at a time record volume of trade exchange between the two countries rise, called on the Iraqi-Jordanian investors to establish projects in Iraq areas of tourism, health and real estate.
The Director General of Commerce and Industry of Jordan Maha Ali during the joint meeting of the Committee of the Iraqi-Jordanian, which was held in Baghdad and attended by government officials from both countries, and attended "Alsumaria News", "Total trade between Iraq and Jordan continues to increase, while the investments Iraqi in Jordan nearly $ 300 million ", calling for Iraq to" facilitate the entry of Jordanian investors to Iraq by facilitating the procedures for granting visas to them.
Continues ...read more ..
The Iraqi side, the Chancellor confirmed Kazem Hussein, "and there are many opportunities for investors Jordanians in Iraq, particularly in the area real estate, tourism and health, "calling" Jordanian investors to come to Iraq and investment to these sectors. " acknowledged the Iraqi parliament in November 2006 Iraq's investment law, which it was said at the time that it will open the doors wide open to foreign investment, due to introducing a lot of facilities to foreign investors, However, many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign, in each of privileges, with the exception of real estate ownership, as can a foreign investor to rent land for 50 years, renewable, according to paragraph 11 of the Investment Law.
It is incumbent upon investors to submit their projects for the National Commission for Investment, or the Investment Commission of the region, or province, to get investment licenses, and can apply for investment license to the "circle of single window , "developed by the National Investment Commission, and authorized to inform the final decision of the investor within 45 days, to eliminate administrative red tape in granting investment license.
link
