* Economist Opinion: Government must revise investment process in order to create the right climate for investment
Baghdad (news) .. Between economic expert Majid picture that the most significant impediments to the investment process in Iraq is the absence of the appropriate climate for investment due to the activation method of the single window and the difficulty of access to land investment projects.
He said the picture in a statement to the Agency (news) on Saturday: that of the fundamental problems that hinder the process is not to apply the single-window and the difficulty of access to land by the government of it, as well as delay the issuance of investment licenses to investors as a result of routine happening in most state departments.
The Image To: The Kingdom of Saudi Arabia granted the license of investment to the investor within (24) hours, while Iraq take time (24) months for the granting of the license to the investor as a result of the lack of seriousness real to overcome red tape rampant in most government departments for the investment process in Iraq.
Image stressed the need to create the right climate for investment and development facilities to the investors from the beginning of granting the license to the implementation phase of the project in For investment and the advancement of the Iraqi economy.
He had pointed a member of the Committee of Economy and Investment MP / National Alliance / Amer winner in an earlier statement (of the Agency news) that the banking system in Iraq is evolving not kept pace with the banking systems of the modern world, thereby hindering the process of investment in Iraq, He pointed out that the investor often does not come fully exaggeration, but it depends on loans and financing by banks, and through Iraqi banks to take the principle of benefits did not encourage the investor to perform his work well.
The * Economist Opinion: Government must revise investment process in order to create the right climate for investment by Dinar Daddy's Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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