The entry of foreign capital needs real guarantees

Contribute to the implementation of investment projects speaking


The development portal can not be opened away from the actual investment, which should be an integral link between the investor in the private sector and the state that enters to support this process by providing the environment and percentages of money that achieve the great benefit of the general budget and the national economy in all its details.
"The Iraqi economy must move to a new stage of action," said Qassim al-Bahadli, the head of the Iraqi investment ministry. "The reality requires moving the investment market in Iraq to reduce the economic problems that Iraq is suffering.
The investment is characterized by the free movement of money across the world and can be settled in any place has the right conditions, indicating the possibility of entering foreign capital to Iraq and employment to serve the productive sectors.

Employ investments
Al-Bahadli stressed the importance of the state's intervention in certain investment projects in the speech that achieve economic feasibility integrated without delay and reserves the project to the Central Bank and here resources are achieved to the public budget and investor and in the long term invests to be a financial supporter of the budget in the long term.

Capital funds
Iraq suffers from economic problems in many sectors of economic productivity and services that need capital and real investment efforts to revive.
Al-Bahadli reiterated the importance of the contribution of private banks in the investment business where they can enter the capital supporting the project and reserves the project to the bank until the refund of funds and be a partner in proportion, and can be implemented this cooperation in the projects of residential complexes that can later open accounts within the bank supporting the project and here can Achieving integration in the work achieves great economic feasibility for all parties, stressing that this mechanism restore confidence between the banks and the owner of the money, which collects large numbers.
He pointed to the possibility of creating a coordination mechanism between the Central Bank and private banks through which to support investment projects and achieve a percentage of profits as a permanent return and thus enter the work a new stage aimed at making a real change in the form of economy
the National.

Window systems
He said that foreign capital wishing to enter the Iraqi market needs to amend some of the regulations in force. The illegal routes of money laundering or financing of terrorism. There are many global experiences in this area that have created influential economies worldwide when they attracted foreign capital and fled full guarantees.
According to experts there are a lot of banks and international companies realize the importance of Iraq economically at the world level because of the natural and human resources that can achieve economic renaissance in all sectors change the shape of the national economy.

Land is promising
He pointed out that the institutions concerned with investment required to work to create an attractive environment for capital wishing to enter Iraq, which is a promising land for work and investment.
Al-Bahadli stressed that the work mechanisms adopted by the Municipality of Baghdad during the current period are encouraging for the investment effort. This is clear to us through the attention of the Secretary of Baghdad, Mrs. Zikri Alloush, to the true investors and to create the conditions for their work without any restriction or complication, but by adopting legal contexts. Various other institutions.

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