Shaways: potential of Iraq makes it influential in the world economy

Shaways: potential of Iraq makes it influential in the world economy



On 8 October, 2013 In economic




Brussels: Iraq News Network-Deputy Prime Minister Roz Nuri shawis, Iraq has the potential to make it an influential player in the Machinist, and the global economy and said Shaways in a speech at the Investment Conference on Iraq, held in the Belgian capital, Brussels, that the great potential of Iraq made him a huge wealth by owning stock of the third largest oil reserves in the world, and ranks tenth in proven reserves of natural gas, making it an influential player in the Machinist and an essential actor in the world economy, a strong contender At the regional level. As well as potential high oil extraction and production and competitive prices for low cost oil production and extraction in Iraq compared with other States. in his speech, said Shaways, the Federal Government sought to change the identity of the Iraqi economy from rentier economy productive economy through long-term vision aims to build a prosperous and diversified economy, with increased attention to the sectors of education, health, andRule mining and industry, energy, agriculture, tourism and communications as a key development poles. Besides the fundamental basis of the Iraqi economy, the oil industry in its various aspects, stressing that the Government was working to move from a centrally planned to a market economy through the mobilization of the private sector, and go about creating a genuine partnership between the public and private sectors. Investment promotion and national, regional and international levels, to make the economy more vibrant, dynamic and responsive to the requirements of the comprehensive and sustainable development. Shaways reviewed avatar recent developments in Iraq, such as the removal of the provisions of Chapter VII, and the ratification by the Cabinet last August, the Federal economic reform act, submitted to Parliament for approval. With the aim to restructure the economy in accordance with the principles of modern economy and the requirements of the transition to a market economy, as well as its review of the second national plan for the development of Iraq (2013-2017), stressing that the plan represents a new phase in its development planning and is an important link in the strategic path system for the economic and social development, and calls for an investment of approximately 357 billion dollars in development projects for four years Next, concentrated in particular in the sectors of industry, energy, housing and construction, services and Agriculture (both plant and animal), water resources, education, transport and communications. He certainly shawis the urgent need for the introduction of modern technology in all parts of the State and society, and to the services and expertise of global corporate pedigree in various fields and sectors of life, as well as the need to prepare and train for professional and working hands and build their capacities and inform them of the latest scientific and technical innovations.


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