PM Maliki ready to amend Investment Law to promote private sector

Posted by on Oct 29, 2013 | Leave a Comment

Maliki vows to “make amendments” to the Investment Law “cringe” the difficulties and private investors

Editor: AJ, BS 15.09.2013 15:37

Prime Minister Nuri al-Maliki, said on Sunday that “the housing sector at the forefront of the priorities of his government,” and to have “projects for the construction of housing units and the distribution of pieces of land free of charge to the needy and the poor,” While hailed “to amend the investment law,” expressed a willingness “to consider the any amendments “cringe difficulties investors and private sector companies.”

Maliki said in a speech during the signing ceremony investment contracts for the cities of the future (1 and 2) in the region of الدهنة by 30 thousand residential units, and the Committee of Baghdad in the area of Dabbash by 20 thousand residential units, between the National Authority for Investment and the two (Blorm) and (bitter melon) Alamarateten Inc. (Shamara Holding), and briefed them (range Press), “The housing sector at the forefront of our priorities and that our efforts are focused to support the private sector to invest in this area,” noting that “the citizen who does not have a residence feel strange in his homeland and instability.”

Maliki said, “Today we have projects to build housing units and to distribute pieces of land free of charge to the needy and the poor in Baghdad and the provinces as well as the efforts of the ministries of the State to build housing complexes for their employees in order to solve the housing problem that has accumulated result of the negligence of the former regime and its policies and wars,” adding that “the former regime did not build a residential complex, hospitals and schools since 1985. “

He said al-Maliki that “what we got him to secure the investment process was not easy and that the transition from a culture of the public sector to the free market economy needs a lot of work and legislation,” pointing to “We exerted great efforts to amend the investment law several times and we are ready to consider any amendments serving the construction and investment process and overcome the difficulties that hinder the work of investors and private sector companies. “

For his part, the ambassador expressed the United Arab Emirates in Iraq Abdullah Ibrahim Al-Shehhi, and managers of UAE companies fully ready for “the expansion contribute to the process of construction and reconstruction,” and indicated that “the aim of the contribution of UAE companies is to strengthen relations between the two brotherly peoples,

They stressed Maliki’s office said in a statement that they were “determined to increase market presence in Iraq,” and expressed their aspiration for “supporting the Iraqi government for construction projects undertaken by the UAE companies,” vowing to “be completed in a timely manner.”

Prime Minister Nuri al-Maliki’s face, (July 30, 2013), the distribution of tens of thousands of pieces of residential land to the poor and needy and tackle the spread of slums and horseshoe within the boundaries of design basis for the city of Baghdad, among the largest housing strategy in Iraq since the sixties of the last century.

The Council of the National Housing announced, in (the eighth of July 2013), to form a committee to push the laws and legislation to promote the reality of housing and put new controls on changing sex land from agricultural to residential, as identified need for the country to two million and five hundred thousand housing units until 2015, said his quest To enter the housing fund as an investor in the construction of housing units while the draw to put “the necessary plans” to make housing survey early next year to determine the actual need for housing in the country and provide solutions.

It is noteworthy that Iraq is suffering a severe housing crisis due to the increasing population, as measured by the number of residential complexes, in addition to the inability of citizens with limited income for the construction of residential units of its own, because of the high cost of land and construction materials.

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Alternate article:
Maliki: the government is ready to amend investment laws

16/09/2013 12:00 AM

Confirmed the trend to involve the private sector in the field of electricity
BAGHDAD – morning
Prime Minister Nuri al-Maliki government’s willingness to consider any amendments serve the process of construction and investment and cringe difficulties encountered in the work of investors and private sector companies, indicating that the transition from a culture of the public sector to the free market economy needs a lot of work and legislation.
housing sector

Maliki said in his speech ceremony signing of investment contracts for the cities of the future (1 and 2) in the region of الدهنة and committee Baghdad in an area Dabash, said that “the housing sector at the forefront of the priorities of the government, because the citizen who does not have the residence feel strange in his homeland and instability , “calling” the private sector to invest in this area. “said al-Maliki to” the existence of projects to build housing units in addition to the efforts of the ministries of the State to build housing complexes for their employees, as well as directions to distribute the pieces of land for free between the needy and the poor in Baghdad and the provinces, “pointing out that all These projects and directions are to solve the housing problem that has accumulated result of the negligence of the dictatorial regime and its policies and wars, which did not build a residential complex, hospitals and schools since 1985. “

investment in the field of electricity Prime Minister stressed directed the government to invest in the electricity sector and the involvement of the private sector in this area, In order to increase the production of energy, “adding that” what has been reached to secure the investment process has not been easy, and that the transition from a culture of the public sector to the free market economy needs a lot of work and legislation. “and added that” there are significant efforts have been made to amend the investment law several times, “noting the government’s readiness to consider any amendments serve the process of construction and investment and cringe difficulties encountered in the work of investors and private sector companies. signed yesterday, the National Investment Commission with two Blorm and Handal Alamarateten Inc.

Shamara Holding, investment contracts for the cities of the future (1 and 2) in the area الدهنة between Ghazaliya and torch by 30 thousand residential units, and the Committee of Baghdad in the area of Dabbash near the Kadhimiya by 20 thousand residential units. joint ventures For his part, expressed his ambassador to the United Arab Emirates Abdullah Ibrahim Al-Shehhi and managers of UAE companies are willing to expand contribute to the process of construction and reconstruction in Iraq .

between Al Shehhi said the aim of the contribution of UAE companies in the processes of reconstruction and construction is to strengthen relations between the two brotherly peoples, pointing out that “relations between Iraq and the United Arab Emirates will be more stable and rooted, while dependent on investment and joint economic projects.” For their part, expressed directors of UAE companies participating in the project expressed their intention to increase their presence in the Iraqi market, calling on the Iraqi government to support construction projects undertaken by them, which pledged its completion deadlines.

Noted that the Council of Ministers approved in its meeting of 33 on July 30 last year, the submission Chairman of the National Investment leave City project committee Baghdad (Dabbash previously) and the draft city of the future. was the Municipality of Baghdad called the investment companies in both domestic and foreign to submit proposals for the implementation of the two projects, both of which contain the implementation of the construction of housing units under construction vertical, that investment includes all aspects of the project of ways and services and built ارتكازية as water, sewage, electricity and other services. The Secretariat General of the Council of Ministers on August 4 last year, the assignment City project committee Baghdad to company Free International Investment, a subsidiary Shamara Holding Jordan, and the allocation of more than 500 acres of the project, while confirming the assignment Project Future City 1 and 2 to two Blorm real estate group Handal International independently for each of them, and allocate space for up to 200 acres.

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