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Advisor to the Prime Minister: Major investments await the country
Economical 2023/08/15
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Baghdad: Hussein Thaghb Al-Tamimi
The Advisor to the Prime Minister for Investment Affairs, Muhammad al-Najjar, considered the Iraq Fund for Development a serious step on the path of real development, as it provides a high flow of investments in all sectors, away from all forms of complexity.
Al-Najjar said, in a statement to “Al-Sabah”: “The fund will come with the size of investments that meet Iraq’s actual needs, and are present on the ground implementing the projects that were entrusted to it or that came for its implementation, and with their specified time periods, benefiting from the large volume of facilities that are provided for these investments.” The projects are removed from all the complexities that accompanied the implementation of projects during the past years.
He added, “The size of the Iraqi labor market is large, and it can absorb specialized local, regional and international efforts and possesses financial solvency and advanced technology, as companies without the required specifications cannot work in the country and enter the Iraqi labor market, and we return to the circle of reluctance that harmed the national economy and made it suffer a decline in most of its joints.” ".
He pointed out that the country in the housing sector needs about 4 million housing units in various cities of the country, and this number increases annually with the growth of the country's population, and from here we can imagine the volume of work required in the housing sector in particular and the sectors supporting it, but when we go to The production and service sectors, as you find it wide and large, and it needs effective international partnerships that have their weight in Iraq, which represents a renewed and feasible job opportunity in all economic accounts.
Al-Najjar stated that the country is heading towards activating national production and reducing dependence on the international market to cover the country's need for various goods and commodities, provided that the direction is towards the international market to achieve integration that leads to market balance, pointing out that the government is working towards creating the appropriate environment for the return of Iraqi migrant talents To be supportive of productive and service development activities. In turn, the head of the Federation of Iraqi Chambers of Commerce, Abd al-Razzaq al-Zuhairi, described the Iraq Development Fund as important, which will revolutionize the national labor market, pointing out that the presence of a special interest from Prime Minister Muhammad Shia al-Sudani in this fund enhances its paths. Al-Zuhairi told Al-Sabah: The fund will work to move the labor market in the country to levels it has not seen before, as it will employ the local effort and the international and regional investment effort in projects in all sectors.
He stressed that Iraq is in dire need to expand the scope of work in all sectors, and such a fund will have an active role in reviving the economic activities that Iraq needs. Al-Zuhairi pointed out that the Iraqi private sector has important international extensions and relations and possesses great expertise that can be employed in a way that achieves most development goals in cooperation with local and international partners, indicating that the projects implemented by the specialized local effort are now touching the world in implementation and specifications, and this matter is attributed to the sector. The real Iraqi private.
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