Parliamentary Economy Investment Law will happen quantum leap in Iraqs revenues 10/21
Parliamentary Economy: Investment Law will happen quantum leap in Iraq's revenues
10/21/2015 0 Comments
Parliamentary Commission of Economy said on Tuesday that the investment law will happen a qualitative leap in income increase revenues for Iraq.
Said committee member Burhan Almamori that "investment in Iraq's non-existent, and most of its projects stalled and lagging behind due to a large corruption in all departments, provincial councils and the center," noting that "we are close to voting on the investment, which will give a lot of powers to the provinces in the activation of investment in Iraq, the role of the law." .
"The real investment must be in various areas is not limited to just oil," explaining that "Iraq depends mainly on oil, and non-investment can do with the advancement of its economy."
He Almamori that "the door of investment in Iraq is open to all companies, but the controls and standards, has opened the way for foreign investors and we gave him privileges Kalmattah of a local, and there are checks and accounts in the selection of companies, and there will be follow-up and the imposition of sanctions on anyone who abuses to invest in Iraq."
"The approval of the investment law will give a qualitative leap in increased income revenues of Iraq."
It was the Presidency of the Council of Representatives member Hamoudi, it revealed earlier to resolve all contentious points in the amendment of the draft Investment Law No. 13 of 2006 which would "facilitate and support the process of investing in different stages, particularly in the residential, industrial and agricultural area," referring to the possibility of " a vote in the parliamentary session for next Monday. "