Industry Minister of the UAE: the diversification of Iraq has entered a strategic choice, not progre

Industry Minister of the UAE: the diversification of Iraq has entered a strategic choice, not progress


Wed, 24 May 2017 06:57:35


The Minister of Industry and Minerals Agency, Mohammed Xiaa Sudanese, that "the Iraqi government is serious about diversifying sources of income and support the private sector as an option strategic rather than a tactical or progress."

This came during an expanded meeting held by Sudan on Tuesday in Abu Dhabi Chamber of Commerce and Industry in the presence of members of the official Iraqi delegation, including the head of the investment and economic adviser to the Prime Minister, government officials and Iraqi businessmen to discuss ways of strengthening joint investments to implement the strategic and vital projects that serve the two countries.

A statement by the ministry, said Minister of Industry "stressed during the meeting that Iraq has many opportunities for natural and human resources large and that the Iraqi government is serious about diversifying sources of income and support the private sector as an option strategic rather than a tactical or progress, despite the challenges and difficult circumstances and crises experienced by the country and its impact on the overall life public infrastructure projects in Iraq. "

Sudanese referred to "the government directed towards genuine reforms through a review of all laws and decisions that would offer benefits and facilities for businessmen and investors."

He pointed out that "one of the objectives of this meeting is to review the problems and obstacles faced by businessmen and investors from the UAE, pointing at the same time to prepare an investment map shows most of the projects in all governorates of Iraq," stressing the importance of commercial visits continued participation in international exhibitions as well as the importance of creating a state organizational among businessmen in Iraq and the UAE through a joint council of Iraqi businessmen and the UAE. "

He stressed "the need to take into consideration and study of all the observations and issues raised during the meeting and follow-up."

For his part, Chairman of the Investment Commission, Sami R. Al-Araji investment opportunities in 2017 and distributed to ten economic sectors such as oil, gas, industry, agriculture, housing, infrastructure, transport, health, education, electricity, telecommunications and tourism. "

Araji pointed out that "each one of these sectors include large strategic projects, small and medium in coordination with sectoral ministries and provinces as well as the preparation of the Second Amendment to the Investment Law provides Iraqi Investment Guide," pointing to "exerted great efforts with the US Department of Commerce regarding the International Trade and Investment Law in Iraq".

For his part, expressed Director General of the Abu Dhabi Chamber of Commerce and Industry, according to the statement, "his country's desire to develop joint economic action and its keenness to make every possible effort to establish economic and investment partnerships serving sustainable economic and social development between the two countries," stressing "full readiness to support companies wishing to work and invest in the UAE and the interest and desire national companies to invest and implement projects in Iraq. "


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