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90 percent of the investment licenses implemented by local companies
31/05/2012 0:00
BAGHDAD - The morning
revealed the Baghdad Provincial Council for 90 percent of the grant investment licenses to local investors and 10 percent of a partnership between foreign and Iraqi companies and banks. The Chairman of the Planning Commission and the follow-up in the province Mohammed al-Rubaie's (Center news for the Iraqi Media Network): The «Baghdad Provincial Council grant 90 percent of the investment licenses to local companies and 10 percent to foreign companies in order to encourage domestic investment«. He added that: »the obstacles in the environment, the investment of many But we on the verge of having intercourse with the decisions of the Council of Representatives and the Council of Ministers to facilitate procedures for investors, and thus the investment process in order to be Baghdad and our provinces and promising investment ». and Iraq admitted in 2006, Law No. 13 of private investment to encourage foreign companies to enter the country and to contribute with the government's efforts for the reconstruction of infrastructure battered by war and siege. and the First Amendment, conducted by Iraq to the law in 2009 allowed the foreign investor the right to own land and property belonging to the state allowance determined in accordance with special regulations, and has also the right to own land and property belonging to the mixed and private sectors for the purpose of establishment of housing projects on them.
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