NIC Chairman Speech during his attendance in Nineveh Investment Conference – Turkey

NIC Chairman Speech during his attendance in Nineveh Investment Conference – Turkey

Dear honorable Guests…

It is my pleasure to be here today in this conference held by Nineveh Investment Commission on the ground of the neighboring Turkey for the purpose of getting the Turkish investors and companies acquainted with the investment climate in Iraq generally and in Nineveh particularly wishing you all progress and prosperity.
Dear Guests: the essential economic transformation that had taken place in Iraq after 2003 concentrated on the eventual transformation into the market economy which ensures achieving reasonable averages for the GDP growth through activating economic sectors contributing in forming it and that the most important means for achieving this is granting the local and foreign private sector a bigger space in order to accomplish the goals drawn for the new economic policy in Iraq and as a result was legislating the investment law No. 13 of the year 2006 amended which was the good recipe for activating the role of the private sector which can participate in achieving the developmental plans goals in Iraq the last of which is the five – year plan (2010- 2014) which pointed at the importance of investments in the economic transformation Iraq is currently witnessing.
Ladies and Gentlemen;
The Iraqi economy is a fertile one and lots of its sectors have not been fully exploited, hence investors shall find many available opportunities beside the broadened size of the local market and the increasing demand for goods and services in addition to the increase in the supply of labor force in all specializations with the big efforts made by the government to control the inflation averages and the profit rates through the monetary policy adopted by the Iraqi central bank.
NIC sought since it was first established to provide every possible support to all provincial investment commissions in Iraq to take their required role within the framework of reinforcing the non- centralized management without forgetting the high importance of coordination among the provincial investment commissions and the NIC.
In this regard, I would like to refer to the great efforts made by Nineveh Investment Commission supervised by the Governor to achieve important steps in attracting investment companies and capitals into the province and this conference is a clear sign for the great job done by this dedicated staff.