Al-Sudani directs a re-evaluation of all departments in the National Investment Authority
Al-Sudani directs a re-evaluation of all departments in the National Investment Authority
2-13-2023
Information / Baghdad..
Today, Monday, Prime Minister Mohamed Shia Al-Sudani stressed the importance of investment addressing crises, while pointing out that many obstacles stand in the way of investment development.
Al-Sudani said, in a statement received by Al-Maalouma Agency, on the sidelines of his visit to the National Investment Commission, that “many obstacles stand in the way of developing investment, foremost of which is the problem of land, laws and instructions, and the lack of a clear vision for investment, to be built in the light of the ministerial curriculum, and integrated with the government program according to priorities.” State and existing resources, and according to sound scientific bases in the sectors of oil, gas, minerals, agriculture and others.
He directed the authority to “follow up the state’s import activity, and to aim to compensate the needs for imported items, such as the continuous need to import agricultural fertilizers, which confirms the actual need for projects to be invested nationally in this sector.”
And he indicated “the importance of investment addressing crises, such as the housing crisis, as this sector needs more investment projects, if investment contributes to resolving this crisis, while the reality indicates that we have lost distinct lands without there being a radical solution to the crisis.” The necessity of distinguishing between the real, active investor and the non-real one,” directed by “conducting a re-evaluation process for all departments in order to achieve more flexibility and effectiveness, with the aim of providing solutions and new ideas, as directed by supporting investors and reducing bureaucratic procedures, to advance the investment process and develop it in line with the scheme.” in government strategies.
He stressed “the need for the authority to be the sectoral body responsible for supporting investors and to take its role in this field, and to take the initiative to provide solutions in all details, starting from digital transformation and ending with benefiting from specialized consulting companies to provide advice and the best choice in investment,” stressing “the necessity The existence of a clear vision for investment and the investment plan, which is reflected in meeting the requirements of the country, the citizen and the government program, in light of the available resources and priorities, in addition to the need for energy, vision and a systematic plan to support investment, which is an essential element in our government program.
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