Met MP Jawad al-Chairman of the Committee of Economy and Investment on Monday 08/31/2015 the President National Investment Commission, Dr. Sami Raouf al-Araji, in the presence of a number of the members of the Committee.
The meeting discussed the text of the second amendment to the Investment Law No. (13) of 2006 before it is submitted to a vote in the House of Representatives. And the Chairman of the Committee of Economy and Investment during the meeting that the committee hosted on Sunday, representatives of ministries and agencies of the Iraqi concerned the property of third-party, after being diagnosed Commission of Economy and Alastosmarugod legal texts going by most of the ministries, to prevent the exploitation of land and real estate in the investment side.
He said the Attorney-Bolani we are currently working to include investment law texts allow these entities to exploit its resources and access to the world of investment and achieve financial resources are added to the annual allocations and can take advantage of these resources to improve their services or horizontal and vertical expansion of all of this would work first and foremost in the interest of the Iraqi citizen, who is still suffering of poor services due to lack of allocations.
For his part, head of the investment d. Sami Raouf al-Araji, the second draft amendment to the law written based on the first two factors is to try to avoid the problems and constraints that have emerged during the implementation of the law since its entry into force until today, and secondly is to keep pace with global developments and try to create a law is able to compete with the region's laws and even the world to ensure attract investors .
It was decided during the meeting to agree on several provisions that will increase the size of the powers of the Iraqi ministries to invest its resources in the investment side, in addition to the draft law included some of the mechanisms in place for the first time, including arbitration and the Union of investors and an end to the problem of land ownership and methods of granting investment. SOURCE
The meeting discussed the text of the second amendment to the Investment Law No. (13) of 2006 before it is submitted to a vote in the House of Representatives. And the Chairman of the Committee of Economy and Investment during the meeting that the committee hosted on Sunday, representatives of ministries and agencies of the Iraqi concerned the property of third-party, after being diagnosed Commission of Economy and Alastosmarugod legal texts going by most of the ministries, to prevent the exploitation of land and real estate in the investment side.
He said the Attorney-Bolani we are currently working to include investment law texts allow these entities to exploit its resources and access to the world of investment and achieve financial resources are added to the annual allocations and can take advantage of these resources to improve their services or horizontal and vertical expansion of all of this would work first and foremost in the interest of the Iraqi citizen, who is still suffering of poor services due to lack of allocations.
For his part, head of the investment d. Sami Raouf al-Araji, the second draft amendment to the law written based on the first two factors is to try to avoid the problems and constraints that have emerged during the implementation of the law since its entry into force until today, and secondly is to keep pace with global developments and try to create a law is able to compete with the region's laws and even the world to ensure attract investors .
It was decided during the meeting to agree on several provisions that will increase the size of the powers of the Iraqi ministries to invest its resources in the investment side, in addition to the draft law included some of the mechanisms in place for the first time, including arbitration and the Union of investors and an end to the problem of land ownership and methods of granting investment. SOURCE