Al-Araji: Faw port raises investments worth $ 12 billion

Al-Araji: Faw port raises investments worth $ 12 billion



6/11/2017 0:00

BAGHDAD / Hussein Tgb
Seek to attract investment heads its funds and Tqanadtha advanced takes a great deal of attention to stakeholders realize that no economic development away from Alasttmart, which is located on a detailed financing and implementation among large projects that Iraq needs in all production and service sectors that have suffered neglect and deterioration since Acod.okhrjt National Commission to invest a set of trends that grovel challenges facing the implementation of projects in order to create capable of attracting sophisticated international effort looking for opportunities to enter the Iraqi market, described the promising capacity of job opportunities in all fields of work environment. Enhance its capabilities
President of the Commission d. Sami Raouf al - Araji , said in an interview with the "morning": that the Authority within the investment plan for the current year 2017 more than 1,000 projects in ten sectors representing the oil and gas industry, agriculture, housing, infrastructure, electricity, transport, communications, education, health and tourism, pointing out that some of them productive and profitable country and enhance the financial capabilities of pluralism in the country Eradat.ofatt that focuses on strengthening the sectors that achieved a new revenue of the general federal budget through the rehabilitation and restructuring of companies in these sectors and the introduction of foreign investment or domestic entry through the u Akat directly to develop and renew projects open for investment projects or build
new ones. Five - Year Plan Araji pointed out that through these projects will enter the five - year plan, ie , that we are working towards Tamh this year plan with the 2018 2022 five - year plan where the projects are implemented and what remains to be dovetail with the five - year plan, and within the stomach plans will depend on the national investment and to finance foreign projects implemented outside the state budget, as any foreign funding or a local private. The entry of investments between the port of Faw supply for foreign investment and the opportunities open to the entry of foreign and domestic investment and an investment value in this port nearly $ 12 billion, and no electricity projects and petrochemical industries and other custom fertilizer chemical coefficient of cement and coefficient of Iron & Steel and coefficient of flat glass plants, where they are negotiating a section of them now and it will come to fruition in 2018. He pointed to the formation of the Higher Committee for Investment and business headed by the Prime Minister and members of the relevant ministries, stressing the importance of this committee is to facilitate the investment business environment and facilitate the implementation process away from the traditional challenges and between the worlds investors see that the Iraqi market is promising and work to achieve profits rewarding. The joints of the economy and pointed out that after "Daesh" will be the motto of construction and reconstruction economy and military spending will shift towards this field, which will pay much of the investors from going to Iraq to work in the various joints of the economy starved of investment. Araji predicted that the intervention of US companies strongly to work in Iraq and has discussed this issue with businessmen and the Chamber of Commerce of the Iraqi American, and will hold a conference in Baghdad before the end of this year , it was agreed first in this regard and attended by representatives room and businessmen US, noting that it is a positive step on economic construction through, especially that most of the American companies specializing in the areas of work and characterized by implementation of qualitative.


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