Baghdad, one of the important areas and deals in Iraq, a kiss for all investors because of the great need for investment projects and its strategic location.........It showed Baghdad Investment Authority, on Monday, that the investor still faces obstacles in the success of the project but is most prominent in the subject banks, which represent the biggest obstacle, claim to reduce the red tape. The head of the Shaker Zamili told the "Qurtas News", "Baghdad of the key areas and deals in Iraq, a kiss for all investors because of the great need for investment projects and strategic position," adding that "the Commission granted several licenses that exceeded percent and twenty leave in a variety of housing, tourism, industry and trade sector. "
Zamili added that "despite the provision of large facilities by the Investment Commission of Baghdad, but that there are obstacles facing investors and represent a stumbling block in front of their projects in the forefront of banks, whether governmental or private banks."
Zamili and stressed that "banks do not meet the ambitious investors because of the conditions and mechanisms in place to have that take the forms of red tape and complexity and this does not conform with the investor and the government directed towards the growth of the economy through investment projects."
He suggested Zamili "the formation of a joint committee between the investment authorities in the provinces and banks, aimed at the application of the law by the banks towards the investor fact that one of the most important paragraphs of the investment law is to provide soft loans to investors."
The Central Bank of Iraq announced Saturday 8 August for an amount of more than 5 trillion Iraqi dinars to support investment projects in the industrial, agricultural and real estate sectors.
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Zamili and stressed that "banks do not meet the ambitious investors because of the conditions and mechanisms in place to have that take the forms of red tape and complexity and this does not conform with the investor and the government directed towards the growth of the economy through investment projects."
He suggested Zamili "the formation of a joint committee between the investment authorities in the provinces and banks, aimed at the application of the law by the banks towards the investor fact that one of the most important paragraphs of the investment law is to provide soft loans to investors."
The Central Bank of Iraq announced Saturday 8 August for an amount of more than 5 trillion Iraqi dinars to support investment projects in the industrial, agricultural and real estate sectors.
SOURCE