Wednesday April 8, 2015 10:25
Alsumaria News / Baghdad,
Deputy Prime Minister for Energy, Bahaa al-Araji, Wednesday, that the Council of Ministers issued important decisions have given a lot of facilities to Iraqi or foreign companies, noting that investment in Iraq was repellent to investors. They said in a speech during the second qualitative exhibition Ministry of Electricity and attended byAlsumaria News , "The Daash tried to disrupt life and distorted, "noting that" this exhibition a great reaction that we are staying in the construction and reconstruction and we are trying to build again what has been Tahedih by Daash or the enemies of Iraq. "
He added that "the companies and countries participating in the exhibition stand with Iraq as it goes with everything," noting that "the Council of Ministers issued yesterday important decisions showed executive procedures in how to invest, and gave a lot of facilities to companies whether Iraqi or foreign, because doing the work either through investment, or so-called on credit until we these projects as soon as possible. " Araji said that "there are many decisions will be issued to facilitate the entry procedures investor and his goods and workers in these companies," adding that "investment in Iraq was a repellent for investors and is not attractive and we do not blame one but laws and red tape is one of the last that. " He called on al-Araji, to "overcome all the problems that delayed the investment in the previous stage." He acknowledged the Iraqi parliament in October 2006 Iraqi investment law, but that many foreign companies are still hesitant because of fears that the security situation unstable in Iraq, in addition to the presence of some non-attractive investment paragraphs although amend the law in 2010.
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