Parliamentary Economy end of the second amendment to the Iraqi investment law
Parliamentary Economy end of the second amendment to the Iraqi investment law
01/10/2015 12:17
Economy Commission for parliamentary finished second amendment to the Iraqi investment law, pointing out that the texts of modern investment law will be applied for the first time in Iraq. According to the information department of the House of Representatives in a statement that the economic and investment commission headed by MP Jawad al-Bolani, today hosted the Chairman of the National Investment Commission Sami Raoof Araji , to discuss the text of the Second Amendment to the Iraqi Investment Law No. (13) of 2006. He said Bolani that the texts of the Second Amendment to the Iraqi investment law has been completed once and for all, after included several paragraphs, most of which came modern concepts will be applied for the first time on the Iraqi economic arena, which will meet efforts to achieve local development, as well as meet the Iraqi and foreign investors the aspirations of both. He noted that the recent additions to the law will have a significant positive effect for the benefit of the Iraqi economy and ministries that currently rely on the budget base class allocations, which will open in front of her horizons to enable them to full investment of its resources and energies, assets and even its territory through cooperation with the private sector which will have a major role in the development of investment projects. Bolani “The sectors and local segments will benefit from the provisions of the law to move toward investment, for example, the right of agricultural land owners to establish related to the agricultural sector industrial projects, such as manufacturing industries and the canning and the production of bags and other factories that revive this sector and pay it to the development of fast. “On his part, President of the National Authority for Investment and the hope that is the law is passed as soon as possible to take advantage of its provisions in the activation of the investment side, which will be the key to the most effective in reducing solution the consequences of the economic crisis the country is experiencing now, as well as providing a more secure environment and better able to attract investors, whether they are Iraqis or Arabs or foreigners.
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