After the departure of Iraq from Chapter VII free zones is preparing to receive investors and global companies

Posted: July 6, 2013 in Iraqi Dinar/Politics
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06-07-2013 06:15 AM

Baghdad (newsletter).Revealed general authority for free zones of the Ministry of finance is ready to welcome the world and Arabic and local investment free zones, in the Khawr al-Zubayr, and existing, and Nineveh.

He said General Manager Saleh Al-Qaisi morning: that free zones witnessed severely by global and local companies, especially after the announcement of the departure of Iraq from Chapter VII.

He added: the walkmrket tax incentives and exemptions, privileges and easy contracting procedures with international companies is one of the reasons that have led to increased demand for investment in the free zones in addition to exit Iraq from Chapter VII.

And Al-Qaisi: free zones currently owns land areas allocated to investment can meet any requests for the purpose of investment.

Qaysi said: to exit Iraq from Chapter VII will restore confidence in the economy and thus have a strong attraction for global companies and venture capital, the inward.

Said Abdul Hassan shammari, head of the Iraqi industrial agglomeration: to exit Iraq from Chapter VII would open broader prospects in the country’s economic transactions around the world. He said the decision allows access to international companies with international classifications developed to work in the country which was chapter VII represents a significant obstacle to its presence on the yard work and work in the field of implementation of projects


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