Economic committee reveals no progress in investment over th

[Stillw8n]

Economic committee reveals no progress in investment over the next ten years

Committee revealed the economy and investment representative, Thursday, for the investment sector in the country will not win any progress in the projects during the next ten years, demanding ownership of land linking ministries and bodies, the Council of Ministers to facilitate the investment process.

The Member of the economy and investment Nahida Daini in an interview with “Twilight News”, “the investment sector in the country one step and back down ten steps as a result of the constraints faced and the most prominent failure of government ministries and agencies to give its territory for the establishment of investment projects by” claim to “connect the ownership of the land, the Council of Ministers to facilitate the investment process. “

Dani explained that “the investment sector in accordance with these data in addition to slow its progress, it will not be able to make any progress in completing the required projects during the next ten years.”

And announced that the national investment in earlier that the obstacle to attracting investment companies ownership of the land and the failure to protect the funds of the investors.

And approved the investment in the year 2006 a new law to invest in Iraq, according to the law is the body responsible for all investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their areas and conducted by the parliament extensive changes at the end of 2009.

Complain of some businessmen and investors from the many obstacles facing them, notably, lack of commitment to the ministries the text of the Investment Law and his regime of the Council of Ministers, obstructing governmental departments in the province for the implementation of investment projects’ failure to allocate its dependent territories, the conflict between the new bodies and ministries because of laws and paragraphs the constitutional obvious weakness of the investment culture at the citizen and the lack of cooperation with relevant bodies or with investors, lack of cooperation from government agencies to support the banking sector, investment, investors, financial and administrative corruption, public sector dominance and the marginalization of the role of the private sector

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