A new action plan to ease the pressure on the budget
A new action plan to ease the pressure on the budget
09/24/2016
Last included an amendment to the Investment Law No. 13 of 2010 the developer concept, which came a new action plan to ease the financial pressure on the state budget, so the distribution of investment tasks. Developer means »that is, or the company is implementing infrastructure fully for all specialized facilities of the city industrial, commercial or scientific or residential, and after the developer distributes investment opportunities on new investors have assumed the responsibilities of implementing the various joints of the work», president of the National Business Council, the Iraqi David Abdul Zayer said that another amendment was issued on the investment law to ensure the development of the developer axis that runs the first developer Bmvsalin and Almsttmr.oadav in an interview carried by the «morning» that the first developer, which handles the creation of industrial infrastructure of cities or tourist, as well as residential to other major projects, where permits by law to receive the land and the provision of infrastructure full cycles of various roads and bridges and basic services. Land division and said that the land, which provide them with infrastructure is divided and given to other investors through the first developer, eg if we want to build us a residential city to provide roads, sewer, telecommunications and water within the confines of this space is then divided space into residential land and other recreational spaces for services education and construction of places of worship and the requirements so cities. And issued Investment Law No. 13 of 2006 in order to boost economic and social development process, development and bring technical and operational expertise and human resources development and creating job opportunities for Iraqis to encourage investment and support the establishment of investment in Iraq and expansion projects and development of various economic levels, the process and the granting of privileges and exemptions for these projects, so this law was enacted He pointed out that the investment law, as amended protects the developer as well as investor and this is important work Mnaf investment and attract new element contained in the investment Law. He pointed out that the new amendment granting the developer the right to grant the land to the investor under the investment license and the approval of the first developer and collection services, and part of the infrastructure you spent to serve the new investor amount, pointing out that in this case has investment indivisible and can build modern cities in a new way reduce labor costs investment, in terms of investment in major projects require large sums of money may not be strengthened by a single investor. He said that this method enables the investor to work in a part of the project and the completion of the work assigned to him specifications defined and within the executive potentials and during the time period, indicating that these amendments get in cooperation with the local sector, which has a lot of proposals capable of advancement of the national economy because he lives to the field of work and on familiar with the most important implementation of projects and determinants that prevent this requirement. The costs of services Zayer between, it’s a positive approach to serve the investment process and helps the implementation of infrastructure in the absence of the necessary funds on the part of the government to implement the service side, which gives the developer the land that provided them infrastructure amounts cover the capital you spent, and thus spread the cost of services at all new investors. He said the developer is another important it is to manage this new city for all the requirements of the electricity, communications and security and all the logistics, according to the best methods of internationally recognized administration. Zayer and stressed the importance that Iraq abandons the idea to build a single investor of all staff of the project specialized industry city, housing, trade and education as well, but to be the responsibilities of the developer task that would distribute tasks among investors who wish to get the opportunity to work within this project.
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