Sheyaa: new amendments to the investment law will support the investment process and stimulate companies to enter the country

Posted by on Oct 28, 2013 | Leave a Comment

11-09-2013 12:44 PM

Baghdad (newsletter). Member of Commission on economy and investment/MP Abdul Al-Abbas sheyaa, adjustments to current investment law by the Council of Ministers to support the investment process and attract foreign companies to work in the country.

Said sheyaa (News Agency): the investment law No. 13 of 2006 when applied on the ground astdm by several obstacles, prompting the Cabinet to form a Committee made up of the national investment Commission and provincial bodies and State Council of redrafting and amending certain paragraphs.

He noted: they are working to amend the law radically to amend again, noting that the index showed that new amendments will support the investment process in the country in terms of attracting international and local companies to work and invest.

Called: the Council of Ministers to expedite the completion of amendments to the law for the purpose of sending it to the Parliamentary Committee on the economy and investment for discussion and then to the Presidency of the Chamber of Deputies for a vote.

This Commission has called parliamentary economy and investment earlier the Cabinet to speed up sending Investment Act to advance the discussion and vote to become effective

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