From three axes.. Parliamentary movement to amend the investment law
From three axes.. Parliamentary movement to amend the investment law
7-26-2023
Information / Diyala..
Member of the Investment Committee, Muhammad Al-Ziyadi, revealed, on Wednesday, strenuous efforts to amend the investment law in three directions.
Al-Ziyadi said in an interview with Al-Maalouma, that “the investment environment in Iraq needs to be reviewed in order to attract more capital, whether from inside or outside, especially in light of the availability of hundreds of opportunities in 13 sectors, most notably housing, industry and agriculture.”
He added, “The committee realizes the importance of investing in the economic and commercial dimension and reviving the markets, and it is working to amend its law in three directions to enhance the guarantee of investor and beneficiary funds and give greater ability to monitor projects in addition to setting contexts for prices, especially since they, for example, in the housing sector are exaggerated.”
He pointed out that “amending the investment law will lead to achieving five goals, the most important of which is creating flexibility in attracting funds and giving the concern of safety, in addition to creating greater job opportunities and reducing pressure on appointments in state institutions.”
Despite the security stability, the turnout for investment opportunities is still below the level of ambition, according to the opinion of experts in the field of economics, for reasons related to the investment law.
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