Hilfi calls for activating the mechanisms of natural resources investment

Hilfi calls for activating the mechanisms of natural resources investment



17/09/2013 12:00 AM

In order to develop industrial production

BAGHDAD - Hussein ثغب of Tamimi

Efforts to invest in natural resources owned by the country, and activate the wheel of industrial production in the country , which is a tributary true of the general budget , where efforts are continuing to adopt the mechanisms of action of sophisticated investment wealth phosphate natural , especially that Iraq has the second largest reserves of it in the world after the Kingdom of Morocco .

President of the Center of the Iraqi economy Developmental Ali grace Hilfi said: that the country is full of riches of nature tremendous can be invested , and activate the wheel of industrial production , which leads to the formation of an industrial unit integrated in the future, pointing out that the trend towards investment of these resources is an important step on the road to economic growth sought by country depending on the wealth of natural and human resources available in the country .

Accurate data

He Hilfi in an interview ( morning) that work on the organization of an accurate database on the wealth possessed by the country, and then study the appropriate mechanisms to invest the wealth of its geographical location and availability of skilled human resources and is able to acquire the necessary expertise and specialization in the work of those sites.

Hilfi pointed out that the size of the available resources in the country needs to be an international effort that specializes in all metal or raw material has not been invested to today , noting that precedes the process of development of the Iraqi competencies in specialized international companies to reach a global including owned كفاءاتنا the local jurisdiction.

He pointed to the importance of creating an attractive environment for international companies and encourage them to enter the country and with the participation of local companies in the public and private investing enormous natural wealth , stressing that many of the products can be shopping locally , here can be considered as an attractive investment .



Vast fortunes

Meanwhile, a director general of the Geological Survey ( USGS ) to the Ministry of Industry and Minerals d . Khaldoun Bassam that the country has a tremendous wealth of mineral resources untapped in the forefront of phosphate , which comes as Iraq ranked second in terms of global reserves after the Maghreb as well as possession of large quantities of ceramic , sand and silica as Iraq has enormous amounts unspecified Stones Lime falling the cement and Alaptonayat industry which is used in drilling oil wells and these minerals are called scientifically ores to Avelzah .

Mineral exploration

He said in an interview that the country has in addition to these non-metallic minerals to raw materials , pointing out that oil exploration had a major role in reducing the importance of exploring the metallic minerals in the country , which led to the reluctance of state direction to the exploration of metal, explaining that the new trend in industries geological was now about industries silicon which results in a tremendous amount of this industry , which is silica base material where where we have more than a billion tons of reserves which is like a tree to end industries independent branch , including a wide range of industries, first of photoshop , which is one of the sources alternative energy , which began having produced the world.

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