Minister of Planning announces trends to develop the investment environment in Iraq
Monday, February 4, 2019 6:29 pm
BAGHDAD - Minister of Planning Nuri al-Dulaimi on Monday announced the ministry's intentions to develop the domestic and foreign investment environment in Iraq, pointing to the reliance on the basis of achieving balance between the national interest and investor interest.
Al-Dulaimi said during his participation in the meetingof the Rafidain, held in Baghdad, according to a statement of his office received by "the eye of Iraq News," that "Iraq has an environment not attractive to investment because of lack of transparency and widespread administrative corruption, bureaucracy and lack of seriousness and efficiency in the application of legislation."
The minister called for "optimizing the oil wealth, diversifying the resources of the Iraqi economy and participating actively in the development of the structure of the chemical industries and the prevailing and complementary industries to reach a development that includes all sectors." He stressed that "the Iraqi economy suffers from its isolation from global developments, Of which".
He pointed out that "the importance of overcoming this through the qualitative benefit of foreign direct investment," stressing the "need to increase oil revenues through the investment programmed in the development of fields, and increase production capacity, and activate the efficiency of the human element in technical aspects, Global, and beyond the barrier of what he described as (taboo) of fear of foreign investment. " Finished
aynaliraqnews.com
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