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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Foreign investment in the productive sectors promotes development

    Rocky
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    • Post n°1

    Foreign investment in the productive sectors promotes development Empty Foreign investment in the productive sectors promotes development

    Post by Rocky Mon 09 Sep 2013, 4:05 am

    Foreign investment in the productive sectors promotes development



    09/09/2013 12:00 AM

    Baghdad - Mostafa Hashemi

    The researcher confirmed just state the importance of economic entry of more investment companies to invest in areas related to the reconstruction and the importance of infrastructure in imparted a strong dye on the Iraqi economy .

    The desire of foreign companies



    She just told ( morning) that there are a number of major foreign companies that have expressed interest in entering the local market is now waiting for government approvals directly to its work all different according to their competence . The researcher confirmed that the local market economic accommodate all different kinds of investments and the existence of a genuine desire to rebuild the country and restore its infrastructure from new as well as that Iraq is a promising environment for investment because of production and service sectors in need of rehabilitation foreign expertise .



    Single window



    The Ministry of Commerce has launched a single-window system work in the registration of national and foreign companies recently to sweeten the investment companies to enter the country and then to move the economy to foreign investment from several advantages , mainly absorb unemployment and employment .

    She just hoped that contributes Investment cement factory in Al Muthanna increase production capacity to supplement the local market need of this article, the basic intervention in reconstruction and building complexes and condominiums that Iraq needs more than two million units of which to reduce the housing crisis rampant in the country several years ago .



    Direct investment



    She drew just that contracts carried out in direct investment is an excellent step gives an incentive and support for the local economy , which began finally to recover , especially after the arrival of a number of large foreign companies and the opening of branches and offices in Iraq and direct the implementation of investment projects multiple in the various provinces .

    And just hinted that the national investment efforts in attracting foreign investment through the establishment of overseas economic forums to identify investment opportunities in Iraq and the most prominent sectors that need to perform investment in a direct way .

    It should be noted that the factory Muthana Cement is one of the factories of the seven subsidiaries of the General Company for Southern Cement one of the formations and the Ministry of Industry and Minerals, was established during the eighties of the last century, with a capacity of 1.9 million tons per year of clinker and 2 million tons of cement, the factory works currently at 20 percent of capacity total due to international economic sanctions that were imposed on Iraq.



    Market economy



    It showed the researcher economic that foreign investment is one of the means to move to a market economy , which Iraq is seeking to achieve after long years of control of a centralized economy and government intervention in all aspects of the economy, noting that it was the cause of the failure of the economy and the survival of its dependence on oil, which still represents a pole unilateral side in supplying the general budget of the country , while the current stage requires diversification of the state 's resources to activate the various productive sectors and the most important industry and agriculture to achieve self-sufficiency and reduce dependence on imports to fill the market need of various commodities .



    Increase production capacity



    For his part, Chairman and CEO of ASEC Cement Giorgio Bodo in a press statement that the Iraqi market is a promising market , pointing out that the rehabilitation of the factory Muthanna is an important part of the Iraqi investments that seek to cover the demand for cement .

    It is planned to begin the implementation of the contract, which was concluded under international tender as of the second quarter of 2014 , which should include implementation plans to increase the actual production capacity of the plant to 2 million tons per year by the month of August 2016 .

    The signing of the new contract after the ASEC Cement ( a company Arab Swiss Engineering Egyptian joint stock company established in 1975 and headquartered in Cairo) inaugurated its new factory erected in Minya production capacity of 2 million tonnes per annum of gray cement high-quality , in order to cover the demand for cement Upper Egypt through the use of limestone that is characteristic of the Egyptian province of Minya quarries .

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