Effective Administrative Methods Attract Local Investment
|August 10, 2014||Filled under Iraq Investment News|
Iraq Investment News –
Linked to the process of attracting investment to the country, the importance of the application of modern technology, and management techniques effective, in addition to providing employment opportunities to contribute in reducing the unemployment rate, as it calls for an economist to the importance of contracting with companies discreet in the establishment of investments in various sectors, calling plans efficient to draw the policies of public spending in the country.
Economic expert, Dr. Kamal Al-Basri pointed out that the investment sector in Iraq should be enjoyed to the principles of good governance, especially as it is not just a mechanism to provide liquidity for the project, but beyond Therefore, he says.
Added visual for “morning”: that “investment is the main factor in the progress of many countries of the world, as it must attract foreign and domestic investment to set up service projects and infrastructure projects,” adding that the process of attracting successful investments, implement and enforce the correct format reflected the transfer of production technology, and the transfer of administrative methods effective to them, as well as providing many job opportunities attract scientific talent and artistry.
Between the foreign investor or local usually looking for an environment for business has less potential risk to the project, as it is achieved through the governance of the institutions involved in this field , along with other institutions associated with each other, which increases the intensity of investments as a feature of the economic advantages.
Explained as Basri, said the vocabulary of governance stresses to ensure the rights and the application of agreements and contracts strictly and regularity and ease of implementation matters relating away from individual practices, in addition to achieving greater premium Justice in the dispute, saying that the current situation indicates that the policy of the adoption of the projects are closer to improvise, he says.
And stressed the importance of the development of feasibility studies and especially for investment projects, in addition to developing plans for efficient paint spending policies, and planning of oil revenues, saying that it does not exist in Iraq economic institution is interested in studying the global market, including the study of oil prices, which constitutes 95 percent of overall revenues.
Sees Basri, said the failure of business indicators of economic issued by international institutions, as well as indicators of financial and administrative corruption will enhance the ranking of Iraq in bank credit and depriving them of opportunities for investment companies discreet in the economy, which is contributing to impede the transfer of production technology and advanced management practices that support the development of the private sector and the public alike.
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