Basra Council reveals the factors "necessary" to make the province of Iraq's economic capital

Basra Council reveals the factors "necessary" to make the province of Iraq's economic capital

economy Since 2017-05-02 at 13:43 (Baghdad time)

Special Mawazine News
Basra provincial council member Nashat al-Mansouri said on Tuesday that choosing the province as the economic capital of Iraq is a step that requires courage and courage, pointing out that there are important factors ahead of the implementation of the law.
"The selection of Basra, the economic capital of Iraq came at the right time, as it was the formation of committees headed by the President of the provincial council and some bodies, unions and departments concerned in this regard." Al-Mansouri told Mawazine News.
Al-Mansouri added that "the decision of the House of Representatives will not be implemented except in the case of the application of free zones (commercial and economic) and the opening of ports and land and sea markets towards the world trade market, the two conditions."
Mansouri pointed out that "there are important factors must be applied before the implementation of the law, which will be initiated in the House of Representatives."
The House voted, last Thursday, on the draft law of Basra, Iraq's economic capital
From: Elaf Qusay

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Basra economic capital, threatened by conflicts of Baghdad project failure


 Basra / Ammar Saleh

"Aalbesrh economic capital of Iraq suspended" .. these words describe a professor of economics at the University of Basra d. Nabil Jaafar, the law prescribed by the recent House of Representatives, and it was a dream for the people of Basra , which is the richest among the cities of Iraq 's oil resources and heavy Overlooking the Arabian Gulf, to join up with the global economic capitals .. But what this project threatens the visual awaited dream long is the growing list of political conflicts in Baghdad, according to the recipe.
And back the economic capital of Iraq to the project in 2011 when it raised the block (citizen parliamentary) at the time, and was officially Tflih mid-2012 after the local government of Basra approval of the project draft law.
Economist sees in an interview (to the extent), that "this project protocol and a political decision but is merely ink on paper from the practical and economic terms, where the Iraqi parliament approved a proposed law submitted by the relevant committees in the Council requires making Basra , the economic capital of Iraq, which is not entail any financial implications for the government , since they did not submit the draft law , which means no real value to the decision of the Iraqi parliament, since the transfer of Basra to the economic capital, requires spending tens of billions of dollars to create a well - developed infrastructure and free zones trade and commercial centers and centers of global communications, followed by S economic capital of Iraq, noting that " the city of Basra experience is not suitable now in order to be the economic capital , unless its infrastructure and other evolving just wishful thinking.
But the Basra Governorate Council member Ahmed Al Sulaiti, sees in an interview (term) that the Basra law of economic capital of Iraq "will give a wider local government in negotiating with international companies powers to establish a giant investment projects and implementation of service projects without the need for approvals of the federal government, adding:" As the law provides economic prosperity of Basra, as a second capital of Iraq , and adds a great political and architectural importance of saving the people of Basra from the situation in which it is currently living through an increase in the financial allocations of oil exports to the city and direct supervision of the maritime ports. "
says Asulait The "Basra when they become economic capital will qualify it gradually to be a free zone traded by the economic activities significantly, saying that" the elements of making Basra economic capital of Iraq , all of which are present and available, the city is the source of oil and more than (80%) of the budget of the federal government is through Basra province, and has a large human resources and where there are significant efficiencies and the potential to qualify it to be a cornerstone in the development of the Iraqi economy. "
Finds a businessman Basri Ali Kahribt, that his city poised to be the economic capital, says in an interview (term) that " the elements of making Basra economic capital of the list in terms of its holdings of ports and oil wealth border outlets with neighboring countries, but it requires an increase in the number of airports The number of hotels with the rehabilitation of infrastructure and the provision of advanced network routes in addition to the interest in telecommunications services. "
"When they are converted into economic capital, and declares international travel so thought the eyes of foreign investors and will solidify in the mind of the economic leaders of the world, that the city is very large investments in the Middle East, especially in the Arab Gulf countries base."
The Basra , which has a population of about 4 million people, Iraq 's only port and maritime implementer President, which stores nearly two - thirds of Iraq 's oil reserves and home to giant oil fields such as Rumaila, Zubair and West Qurna , as well as natural gas fields, and exceeded its oil exports four million barrels per day.
Despite the wealth that resides in the size of Basra, as well as agricultural, industrial and other economic wealth and its components, see its citizens and its officials alike, that the city is deprived of the enjoyment of this wealth because of the influence of the federal government in Baghdad.
President of the Government of Basra , Sabah Hassan said in an interview (range) that this city "was denied under Saddam Hussein 's regime and are still disadvantaged in the current era, following that" the position of the political blocs in the decision - making center confiscate any project comes well for the citizens of Basra, and this idea demonstrated through non - logical practices taken against this city , both in its declaration region or ambition to make economic capital. "
He believes that" what promotes the incapacity of Basra to become an economic capital is incorrect, draft this law includes the allocation of two billion dollars for the rehabilitation of the city in various aspects, within two years of the adoption of the draft law . "
Indicates Basra , the capital of Iraq 's economic law, to a number of objectives that seek to achieve them in the forefront, the events of comprehensive economic development and the advancement of the standard of living and economic Iraqi citizens and optimal investment for economic and human resources and infrastructure development, in order to accommodate trade development requirements and the expansion of ports commensurate with the strategic location of the province of Basra, and the development of the legal and administrative basis to keep pace with the development of trade centers in the region to establish a global trading center in Basra, and the provision of employment opportunities and the multiplicity of sources of national income for the Iraqi people in general and the people of Basra private.
On the other hand finds the provincial council chairman Sabah Albzona, the Basra law of economic capital, lacks justification for its success, noting in an interview (term) that this law is an achievement in itself formally and legally, but it was far from the financial implications, since the speech exists and the law exists , but the consequences of financial non - existent, which hinders the application of this project, pointing out that "Basra needs to rise economically , which requires that there be financial implications to ensure success in this project, and that the government of Basra proposed to the federal government to provide loans for services and work on Investment loans reducing overall financial, investment Maine DONC FAO for example, to provide these loans financially cost - effective and can be repaid through financial and local resources, ensuring economic development of Basra and Iraq in general. "
And the return to a professor of economics at the University of Basra , Nabil Jaafar opinion in this project, believes that "at the beginning of it must determine what is a mechanism to make conservative economic capital, as Basra in the current situation is not qualified for this process significantly, the lack of infrastructure and service facilities "asserting that" the economic fundamentals owned by Basra alone are not sufficient for the maturation of this project. "
He adds that the matter requires action and planning far - reaching, to establish a solid base, and should this project preceded by a political decision, as in the case of making economic capital, requires that all the headquarters of ministries and formations of economic affairs transferred to the economic capital ", but asserts that" if achieved these qualifications will be Basra economic capital allows it to become a center for most of the economic activities in Iraq, witnessing commercial and industrial development in which active investment movement, the fact of economic affairs ministries, will be headquartered in Basra , and this facilitates the investment process and would be extended to the interest rate on most of Iraq. "


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