Baghdad Investment consistent with financial and the Secretariat to allocate 8/23
Baghdad Investment consistent with the financial and the Secretariat to allocate the necessary for the implementation of 40 projects land
8/24/2015 0 Comments
Confirmed the Investment Commission of Baghdad, on Monday, he agreed with the Baghdad Municipality and Ministry of Finance to allocate necessary to implement the nearly 40 projects land have been approved during the past two years, indicating that the preliminary work began to build the largest shopping center in the capital, and that it will open soon four hospitals and several other shopping centers .
The head of the body, Shaker al-Zamili said in an interview to the (long-Presse), "The Commission reached an agreement with the Ministry of Finance and the Secretariat of Baghdad to give it necessary to implement a number of projects territory," adding that "it would allow the possibility of implementation of nearly 40 investment projects metaphorically since the 2013 and 2014 the last two. " He Zamili, that "preparatory work began to build the largest shopping center (mall), five-story, on the path of Muhammad al-Qasim Highway, an area of 150 thousand square meters," noting that there are "four hospitals will be opened soon as well as a number of commercial centers."
The Baghdad Investment Authority promised in (the 18th of June 2015), that the possession of the government for more than 90 percent of the land leads to delayed File investment, indicating that it suffers bureaucracy with some of the ministries, and that complications contribute to the "weakening" of investors return to Iraq.
The Baghdad Investment Authority, awarded in 2014, the last 0.295 an investment license for a total amount of nearly $ 14 billion, including residential, industrial, commercial and tourism sectors.
The House of Representatives passed in 2006, the Iraqi investment law, which it was said at the time that it would open the doors wide open to foreign investment, due to submit a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears of security reality 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 all the privileges, with the exception of real estate ownership, as can a foreign investor of lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law .