Baghdad / NINA / - The expert in economic affairs, Malath Al-Amin, confirmed: "The investment environment in Iraq needs to reformulate the investment law and stabilize the security situation."

Al-Amin said in a statement to the National Iraqi News Agency / NINA /: “Investment in Iraq has achieved only simple progress despite the media support for it as well as the government, and the reason is related to the reality of the country and the laws related to investment,” noting: “The reality of Iraq is relatively unstable from the security and political sides and put huge barriers to capital.

He added: "The owners of capital put their money into projects that they expect will generate appropriate profits for them after years. At the same time, their money will build productive and housing projects and provide job opportunities for the unemployed. If the security and political situation is unstable, the future of the investment project will be unknown and fraught with risks." ".

He continued: "The investment law has loopholes that make capital avoid entering the country, which requires reformulating the investment law and benefiting from the owners of capital to amend the required paragraphs in a way that preserves their money and projects for them, as well as competition in the implementation of new projects." / End




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