Finance Committee Member: Iraq is an inhospitable environment for investment due to absence of security stability and supportive laws

Posted by on Oct 28, 2013 | Leave a Comment

24-09-2013 07:35 AM
Baghdad (newsletter). He is a member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is capable, from the continued deterioration of the security situation in the country because it will affect the work of the few foreign companies that operate in the country.

He is capable (for the news agency news): global companies typically look for two things for the purpose of investment security and profitability, adding that security agent in the country almost non-existent because of frequent bombings, assassinations and threats, all these are not reassuring to foreign investors.

He added that Iraq has become an inhospitable environment for investment, no maintenance integrated security and the lack of a suitable environment for the laws, and in the event of continued deterioration of the security situation will affect a few foreign companies currently operating in the country as well as the advent of global companies and foreign investors to invest in the country.

He noted that the investment process in the country continues to decline, since the investment is based on the fact that the oil sector earnings foolproof to many international companies, while other sectors lacked investment

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