The government issues new measures to support and stimulate investment

The government issues new measures to support and stimulate investment



15/09/2017

Economy News _ Baghdad

The federal government has issued new measures to support and stimulate the country's investment and reconstruction sector.

The spokesman for the government, Saad al-Hadithi said in a statement received by "Economy News" that he is aware of the government to support and revitalize the investment and reconstruction sector because of its importance in rehabilitating infrastructure, providing and developing services to citizens and achieve sustainable economic development and the advancement of various sectors of the Iraqi economy and provide "The Council of Ministers approved the tasks and mechanisms of the work of the Supreme Committee for Investment and Reconstruction, which was previously formed by the Council to take up the core issues and strategic issues related to investment promotion and plans for the Aa major reconstruction and follow-up and remove the obstacles. "

He added that "the committee, which was formed under the chairmanship of Haider al-Abadi, the Prime Minister and includes the ministers of finance, planning, housing, industry and minerals, the director of the Prime Minister's Office, the Secretary General of the Council of Ministers, the Governor of the Central Bank and the Chairman of the Investment Authority will follow up strategic projects, infrastructure projects, Railways, metallurgical and petrochemical industries, dam projects, reservoirs and irrigation. "

He added that the committee will continue to analyze and study the obstacles facing the investment process in order to remove them and has the authority to instruct the National Investment Authority to grant investment licenses if the requirements and legal conditions of the projects presented to the committee are met, and supervision of the allocation of land for strategic projects and directing the one window to obtain approvals and complete procedures from The relevant authorities and the adoption of a period of time for completion, and directing the security authorities concerned to remove the excesses from the land intended for investment and to refer the parties involved in corruption to the judiciary and provide security protection for Investment projects. "

He pointed out that "the committee also directed the issuance of the necessary decisions for the establishment of infrastructure and delivery of services to the land allocated for investment, and follow-up implementation of projects by entrusting the sectoral bodies responsible for the investment project to allocate employees working with the investor until the completion of the investment project, as well as facilitating customs and tax procedures and granting entry features Which is associated with the implementation of projects, and review the functions of a single window and enable it to do its role for which it was established. "

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