The Areas Of Investment

The Federal Investment Law contains a general provision, which subjects all areas of investment to its provisions, with an express exclusion of certain sectors. This chapter surveys this area of the Law as follows: first, the scope of investment, second, the definition of the term "investment", followed by ownership of land, then investment projects, and finally some concluding remarks. The Federal Investment Law in Iraq allows investment in any economic sector and activity, and in any part of the country, except for oil and gas extraction and production, and banking and insurance sectors. The Kurdistan Investment Law enumerates specifically 11 sectors where investment is possible which includes: manufacturing industries, electricity, agriculture, hotels, banks, and insurance companies. The author prefers the approach followed by the Kurdistan Investment Law, for it gives the investor a clear picture of the sectors available for investment.Keywords: Federal Investment Law; Iraq; Kurdistan Investment Law