Economist: legal amendments to the Investment Law was unable to discharge the Iraqi reality investment
Noted economic expert Hassan al-Asadi said the topic of investment in Iraq, talked about birth and witnessed the birth of the modern age not to exceed five years.
And al-Asadi of the reporter (news agency, media / INA) that the first issue of the Investment Law No. 13 of 2006 was a law passed at the same time, and carries with it much of the confusion was not to create an investment environment easy occasion for Iraq can come through attracting investors, whether they are local or foreigners.
He Asadi to the years 2006 and 2007 were years of blood, bad, making the topic of investment in Iraq, a secondary issue is marginalized because of the security situation, explaining that the wheel of investment has seen a move in 2008 after homeostasis relative security in Iraq, and usually the wheel of reform legislation investment back into the rotation and we have seen the issuance of amendments to the Investment Law.
He noted that the security of the most important obstacles in the area of investment is the law that allows the investor in the residential sector that has a piece of land ownership is temporary and not allowed to sell land, but allow him to build on it and then sell the facilities that build Kaldor, apartments, etc. and that all legal amendments which Taraet the Law on Investment in previous years you can not play the reality that the Iraqi venture to the level that the Iraqis hoped for and even those who put themselves to the investment law.
He was al-Asadi of the most important sectors that need it the citizen at the present time is the residential investment sector, the presence of a severe housing crisis in Iraq, revealed the existence of difficulty in the investment environment in Iraq in several aspects of the most important of the legislative and the security factor.