Editor: BR | SS Thursday, September 13, 2012 14: 07 GMT
Chief Investment Baghdad Shaker zamli
Called Baghdad Iraq's investment Commission, Thursday in Shaker, activation code investment and single-window and the Elimination of red tape, calling for access to the investment law No. 13 for solving problems, stressed the need to give delegates and authorized grant approvals.
Iraq said in an interview for "alsumaria news", that "article twenty investment law makes it imperative for sectoral authorities to respond to the requests of the investment within 15 days, and if approved it, if the refusal must be justified and which are not currently, wait months and years", called "activation code investment and grants authority to the authorised investment bodies and delegates representing single-window".
He called for Iraq's "invocation of the investment law No. 13", pointing out that "if it were invoked for there were so many solutions, there will be a serious single-window activation, and there will be coordination cell to work so that each lift investment in each of its provinces to the national body, and then to the Supreme Council and will take decisions quickly and solve problems", but say the problem is that all the delegates and authorized ministries do not have powers of approvals ".
He added Iraq "in this case we got that most requests are get approvals, primarily either from the authorized employee of the investment authority and this makes demand prowling all ministries and departments and wait for days and nights so we lost a lot of time and this is the real problem between the ministries and bodies of investment".
Iraq revealed about 120,000 units bound by custom, however, some logistics and art that can be completed and the initiation of projects ", expressing" optimism theme land allocation by stakeholders hoping to replace resolutions and laws that intersect investment law that prevent start actively in projects ".
National Investment Commission was announced on 4 October of the year 2011, the 125 companies from different nationalities, made presentations to create a million housing units in all governorates of Iraq within the framework of the national housing project, chose 35 companies, including the implementation of projects, with the Housing Ministry disclosed on their quest to create a million additional housing units in the event of the completion of the first phase of the project.
Investment Act No. 13 to allow non-Iraqis to own land for housing projects exclusively and coverage of strategic partnerships with State-owned public companies the advantages of investment law and the granting of investment bodies in the provinces irregularly the territory of personality to enable it to perform its functions more effectively, as well as collecting and counting the land owned by the State and keep at the disposal of the national investment Commission for the purpose of allocation of investment projects.
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