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Documents: Ministerial decisions move Iraq to an unprecedented level of investment in the Gulf DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Documents: Ministerial decisions move Iraq to an unprecedented level of investment in the Gulf

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Documents: Ministerial decisions move Iraq to an unprecedented level of investment in the Gulf Empty Documents: Ministerial decisions move Iraq to an unprecedented level of investment in the Gulf

Post by claud39 on Fri Jul 12, 2019 1:47 pm

Documents: Ministerial decisions move Iraq to an unprecedented level of investment in the Gulf






Documents: Ministerial decisions move Iraq to an unprecedented level of investment in the Gulf Doc-P-208107-636985538387283364





BAGHDAD (Reuters) -  

An executive decree for the presidency of the council on an integrated plan to develop the level of investment in the country has been unveiled to an unprecedented environment. 

The documents, which were reviewed by the economic expert of Al-Ghad Press Agency, for Resolution 245, showed a comprehensive organization of the investment mechanism in the country, from how to put projects, and even approval and allocation of land to them and the nature of investment and partnership between the economic authorities and the government.





The decision included the granting of tax and customs exemptions for investment assets, in addition to providing facilities for grants and loans in cooperation with banks and the Ministry of Labor and Social Affairs, in order to provide employment opportunities for citizens through investments financed by loans. Ensures that companies do not hesitate in their business.


The new decision will also provide investment opportunities for two years for foreign companies wishing to invest in Iraq, in order to attract more capital, in conjunction with the imposition of local partnership on foreign investor, to a local investor, to achieve the highest domestic interest rate of the country, investment transactions. 

The text of the resolution addressed the problems resulting from the granting of entry visas to foreign investors to the country, where a mechanism was established in coordination with the Ministry of the Interior to provide access facilities. The decision also includes anyone who provides public service to the Iraqi people and the government voluntarily or voluntarily. Businessmen, in addition to the investor, provided they have official documents that confirm this.



The decision aims to improve the investment situation in the tourism sector and develop it through the formation of a higher committee to support tourism and relics, in addition to amending the residency law and the industrial cities law. This will guarantee the ownership of the land to the investor and the establishment of a joint stock company to support investment. To invest in all aspects, including real estate, to combat the current housing crisis.



The economic expert tomorrow, that the decision if implemented within the six axes, the investment opportunities in Iraq will grow to unprecedented levels in the Gulf, provided there is a mechanism to prevent corruption, because of the facilities and encouragement of investment focuses on giving the investor sufficient security to bring its capital For the country, while preserving the rights of the Iraqi people to benefit from projects through employment and services resulting from those projects, as well as granting the Iraqi investor, a greater opportunity, to work within the country.



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