Kirkuk Investment Authority says it has licensed 22 investment for a vacation ...
Mustafa Mohammed Investment Kirkuk province Authority announced that it has licensed 22 vacation investment for a variety of projects during 2014, and as revealed that the total cost of these projects amounted to $ 348 million, confirmed that those vacations included housing, health and recreation, industry and education sectors, at a time when stressed the importance of resuming export oil through the Turkish port of Ceyhan to attract international investment. The Associate Director of the Investment Commission of Kirkuk happiest Fadel was named told (Basenyoz) that "the most prominent projects completed in 2014, the city of Kirkuk is a modern massacre and Noor City residential, as well as similar projects have not yet been completed but reached an advanced completion rates." He added that "the Commission has licensed 22 investment leave during 2014, various sectors of the projects, including housing, health, recreational, educational and industrial projects," noting that "the total cost of these projects amounted to $ 348 million."
Associate Director of the Investment Commission of Kirkuk happiest Fadel called
And the legal and administrative procedures and the conditions under which the Commission put it in front of investors clearer and called that "the Commission has in collaboration with other bodies to work together to make amendments to the investment law to overcome the work of investors and create a business structure attractive, most recently the Second Amendment to the investment law is currently before the Iraqi Council of Representatives for approval, which work through the through obstacles and create an attractive country for foreign investment and domestic. "
He continued by saying, "We have three projects parked in Hawija because of the control of the organization Daash on those areas," pointing at the same time that "the process of exporting oil affect attract international investment because it reflected positively on imports of the province and thus creating a ready investment zones."
The governor of Kirkuk, Najm al-Din Omar Karim has confirmed earlier on the need to continue to work and to encourage investment and attract investors and provide ways to successfully work, stressing the need for accounting firms lagging in its work.
Because of developments in some parts of Iraq security crisis, such as the provinces of Nineveh and Salahuddin, Kirkuk and Diyala after armed groups control most of those provinces areas of this crisis caused confusion at the grassroots and economic levels.
Kirkuk province remains (about 260 km north of Baghdad) need the money badly and international investment to build its infrastructure, which greatly damaged by years of war and government neglect.
And concentrated in Kirkuk, an ethnically diverse numerous administrative problems between Erbil and Baghdad and is one of the Kurdish areas outside the Kurdistan Regional Administration, or the so-called (disputed areas) and outstanding in her yet.
Oil-rich Kirkuk and need investments in the field of energy and fuel, and where, according to observers, the political tensions reduced to a large extent of investment activity.
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