PM Visits the National Investment Commission

politics
  • 13-02-2023, 17:34
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    Baghdad-INA  
    Prime Minister Mr. Mohammed S. Al-Sudani visited today, Monday, the National Investment Commission and met with the officials in the presence of the Head of the National Investment Commission and the Head of the Prime Minister's Advisory Commission.
     
    Al-Sudani said in a statement received by the Iraqi News Agency (INA) that he was briefed on the activities of the National Investment Commission. He was offered a summary of the progress of work in the National Investment Commission projects and the major field challenges and obstacles facing the work of investors and slowing down the development of the investment sector in Iraq.
     
     Al-Sudani pointed out that many obstacles stand in the way of developing the investment sector, foremost of which is the problem of lands, laws, and regulations and the lack of a clear vision for investment in line with the government's program and its priorities in light of the available resources, and according to deliberate and sound scientific planning in the sectors of oil, gas, minerals, agriculture, etc.
     
    According to the statement, Al-Sudani directed the National Investment Commission to make their projects aim at supplying the local demand for imported items, such as the continuous demand for fertilizers, demonstrating the need for projects to invest in this sector.
     
    His Excellency highlighted the role of the National Investment Commission in addressing national crises, such as the housing crisis, as this sector needs more investment projects. This state agency could have done much more to address this crisis. Still, the reality of the situation indicates that we have lost prime location lands without offering any real solutions to the housing crisis. He also stressed the need to distinguish between real active and non-real investors.
     
    As well as, Al-Sudani directed his team to review all departments' administration to achieve more flexibility and effectiveness and to provide new solutions and ideas, stressing that the investment sector is an essential element in the government program.
     
    On the other hand stressed the need for the National Investment Commission to be the government agency responsible for supporting investors and for taking the initiative to provide solutions in all aspects of the challenges we are facing, for instance, digital transformation and hiring specialized consulting companies to offer advice and assist in making the best investment choice.
     
    He confirmed the need to present a clear vision for investment and to have an investment plan that responds to the country's needs, provides for the demands of the Iraqi citizens, and follows the government program taking into consideration the available resources and priorities, in addition to the need for vision, and a systematic plan to support investment we need resolve and effort, which are essential elements of our government program.