Friday, February 25, 2011

2-25-11 Baghdad province: investment will be able to solve all the crises occurring in the country

Highlights/Thoughts
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1. The first deputy governor of Baghdad said investment, whether in Baghdad or all parts of Iraq will solve many problems affecting the country at this time
2. He said investments will help with housing, unemployment, the economy, and standards of living
3. The government desires to attract all investors and companies to contribute to the reconstruction and confirms that any legislation concerning investments should reflect the current state philosophy, investment environment, and constraints
4. They emphasized the need to facilitate and simplify procedures in a competitive environment to attract investment and to stimulate the national economy
5. He noted that the investment process will take priority for major housing projects for the needs of low-income housing
6. The Secretary-General of the Council of Ministers needs to create great economic partnerships between Iraq and companies wishing to invest in various sectors with a clear strategy and message that the Iraqi market is promising and Iraq is fertile ground for investors

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