325 investment license granted in Baghdad for 2015

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Investment Committee in the Baghdad Provincial Council announced a grant of 325 investment license during the current year.

The Chairman of the Committee for Taghreed Al Shammari (IMN) said that "the Investment Authority in Baghdad license granted about 325 small investment projects," asserting that "(75%) of those projects stalled because of some flaw in the other departments concerned."

Shammari said that "licenses distributed by the Commission for small projects," noting that "the Commission is following up on these projects on an ongoing basis for the purpose of advancement of the reality service in the capital, Baghdad."

Many investment projects in the capital Baghdad and stopped because of bureaucratic procedures and administrative and non-compliance per room system for the granting of the key investment projects in the capital.