Hamoudi: Modify the investment law will be submitted to parliament next Monday for a vote



Author: BS, MK
Editor: BS, NS

2015/10/15 13:22

Long-Presse / Baghdad
He announced the first deputy speaker of parliament Humam Hamoudi, on Thursday, that the amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it, as he emphasized that the financial economy and the committees of the Parliamentary arrived in the final version of the amendment.

Hamoudi said while chairing a joint Finance Committees, the economy and investment meeting in the House of Representatives, and attended (range Press), "The amendment of the Investment Law will be submitted to parliament next Monday, in order to vote on it."

Hamoudi said, "This meeting is the last to reach the final version of the amendment of the Investment Law before it is submitted to a vote."

The Committee on the economy and investment parliamentary Ezzat, the Wednesday (September 16 2015), to postpone the vote on the amendment of the Investment Law to the presence of the desire of some of the proposals it added, indicating that it will meet with the rest of the House of Representatives to discuss ways to develop the law.

The parliament approved the 2006 Iraqi investment law, which it was said at the time that he "will open the doors wide the" to foreign investment, due to submit a lot of facilities to foreign investors, but that 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 all the privileges, with the exception of real estate ownership, as it allows the foreign investor lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.

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