Conscious / parliamentary Economy: Investment Law Amendment encourages the housing sector and addresses its obstacles
Conscious / Baghdad / FS
He confirmed a member of the economic and investment commission parliamentary Najiba Najib, that the amendment of the Investment Law includes the promotion of investment housing sector, and address the obstacles facing investors.
She said Najib in a press statement transferred reporter (and the Iraqi News Agency Information / INA) is certainly that, "solutions and treatments for the housing crisis is not at the required level, as we have seen these problems and Chksnaha in the investment conference, which was held last February, and amended investment law to encourage investment in the sector housing because it is very important. "
She explained, "it was the introduction of several amendments to the Act, relating to the inclusion of legal texts to finance housing projects, provided that the interest-free to be able to firms investing in the housing sector of the success of their projects."
She Najib, that "legislation of the new investment law, will address the problems that the investment in the housing sector, including the issue of land, which was repulsive to companies, whether foreign or domestic work in the housing sector, as it has been addressed obstacles facing investment in this sector, in terms of funding and decentralization, as well as an end to the routine in the land question, and address those problems related to the allocation of land to the companies. "
She added, "It is not specified a certain date by the House of Representatives to end the housing crisis, as the role of regulatory and legislative, and as legislation tackled problems that were hindering the success of these issues, and with respect to the oversight role, we continue monitoring our part with the Investment Authority, and fund housing and reconstruction."
Najib stressed "the need to have the biggest support fund for housing", pointing out that "one of these processors, approve the Fund by the Central Bank, to be able to grant loans to citizens to build housing for them."
The Central Investment Committee, approached the 23 of last April, donors of the land arising out of investment projects transfer of ownership of this land to the investor in accordance with the Investment Law.
According to a statement of the Ministry of Construction and Housing, received (INA), that "Undersecretary Dara Hassan Rashid Yara, attended a meeting of the Investment Committee Central to discuss and study the contracts signed with investors and the emphasis on the payment of the amounts owed to them," explaining that he "has during the meeting, discussing and approaching donors Land arising out of investment projects for the transfer of ownership of this land to the investor in accordance with the Investment Law, and according to the instructions the National Investment Commission, that the investor submit a written undertaking that includes continuing to operate the project without delay to be done according to time, and not to claim any compensation or wages in the case of failure to register the land in his name for any reason. "
He was a member of the Committee on Economy and Investment parliamentary Ahmed Kanani, said early April, "The amendment of the Investment Law, addressed the issue of the completion of the investor of the project by 25%, and take a loan from the government and the official bank bail the project, shall be 25% (completion rate) guarantor, either personal guarantees It does not depend on the descent. "
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