Member of Finance Committee: Promote investment to create large industries in the country will promote the growth of the national economy

Posted: September 20, 2013 in Iraqi Dinar/Politics
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Economic

20-09-2013 07:13 AM
Baghdad (newsletter). Member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy, to the need to encourage international companies to establish large industries through investment to support local industry and to promote the growth of the national economy.

He is capable of (News Agency): that Iraq needed a great strategy and the plants realized by encouraging investment and bring the world sound companies, adding that investment in the country is still weak due to entice him.

He said: the establishment of those projects will support the local industry by gaining experience and enhance competition between them, adding that the national product still suffers from many problems, most notably the lack of supporting laws.

This country suffers from lapses in the investment process as a result of the deteriorating security and political situation in addition to the presence of red tape and bureaucracy in government departments as well as the absence of laws supporting investment, making companies reluctant to invest in Iraq despite its economic potential and investment opportunities

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