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10/07/2013 18:31
BAGHDAD / Aswat al-Iraq: in the presence of Deputy Prime Minister Ruz Nuri Shaways, held on Monday, Iraq investment conference in the Belgian capital Brussels, which was organized by the Embassy of the Republic of Iraq in cooperation with the Arab Chamber of Commerce - Belgian - Alluxmburkah and a large presence of the Iraqi side and the Belgian.
Conference was attended by Chairman of the National Investment Commission, Dr. Sami Al-Araji, Minister of Planning in the Kurdistan region Ali Sindi and heads of investment Anbar, Najaf and the Kurdistan region and representatives from the ministries of oil and electricity, foreign affairs and the Iraqi Central Bank and representatives of the Belgian government, businessmen and investors.
He began Dr Shaways his speech during the opening of the conference, thanking the Government of the Kingdom of Belgium for hosting "This economic forum is important," and Arab Chamber of Commerce - Belgian - Alluxmburkah Foundation and Ogoraa and all those who contributed to the establishment of the forum, also conveyed wishes of Prime Minister Nuri al-Maliki to the participants successfully Conference to serve the two countries.
He added: "This is not the first time that embraces Brussels such economic efficiency concerned with investment and development in Iraq, and perhaps a lot of Gentlemen remembers another forum for us here was two years ago, and has talked in detail about the foundations and basic directions of our economic policy in general , and the size and investment opportunities and prospects promising, in particular, and on the actions and political changes, legal and legislative continue to be taken to rebuild the economy and encourage investment, as well as our attitudes over the past years to open up to the outside world, and the development of the competitiveness of the economy as a necessary condition for accelerating integration with the regional and global economy, and build a basic rule of the market economy. "
He added: "We have confirmed our constant endeavor to provide all kinds of facilities to foreign companies and businessmen to encourage them to work and invest in Iraq and to remove the obstacles facing these operations."
He continued: "We talked occasions economic and investment several of the steps and procedures of political, legal and administrative level transition from a centrally planned to a market economy through the mobilization of the role of the private sector, and the trend towards creating a genuine partnership between the public and private sectors, and encourage national investment and regional and international levels, and other measures and steps that we believe are necessary to make our economy more vibrant and dynamic and able to respond to the requirements of the launch of the process of comprehensive and sustainable development in our country. "
And increased Shaways: "We continue our quest to change the identity of the Iraqi economy is shifting from economy yield to the economy of production, through the vision of the future long-term aim to build a diversified economy and prosperous, he began growing interest in sectors of education and health, and led by the sectors of mining, industry, energy, agriculture, tourism and communications Koqtab development essential.
Besides attention to the basic pillar of the Iraqi economy, but a sector of the oil industry in its various aspects. "
And went on: "I will focus in my day and intensely on the most important update of conditions and procedures and economic steps during the current year, and start referring to Security Council resolutions, most recently resolution 2107 last June to derail Iraq from the provisions of Chapter VII of the UN Charter what threat that extra step important on the road to complete national sovereignty and political and economic independence, and quality important step in the field of international relations.
And must help to further liberate Iraqi funds and recovery of the Iraqi economy, and to open new horizons for investments and foreign companies and facilitate the tasks of its work in Iraq. "
Shaways pointed to the approval of the Council of Ministers of Iraq last August, "the Federal Economic Reform Act, and to submit it to Parliament for approval.
The law aims to restructure the economy according to the principles of economy and modern requirements of the transition to a market economy, and ensure the expansion of the production base and diversify economic resources, through the adoption of market mechanisms and liberalization of foreign trade and internal and ensure fair competition, including possible economic reality in Iraq of growth during the the coming years, to revive many aspects of production broken, Kalqtain of the industrial and agricultural sectors. "
The law aims to create an investment climate to encourage local and foreign investors through the broad participation of private sectors in the management and ownership of economic units, and the development and expansion of capital markets activities and support the broad participation of the public in dealing shares and bonds and various securities.
He said: "last September we launched also the Second National Plan for Development in Iraq (2013 - 2017) and here let me pause in front of the main indicators of development and investment contained in the plan, with my call for all wishing to invest in our country to see this plan and study they provided them information and indicators and trends, and pose a working directory economic, development and investment, irreplaceable for investors and local businessmen them and foreigners, The plan new marks a new stage in the process of development planning is an important link in the system path strategically to promote the economic and societal . "
He pointed out that the plan "calls for an investment of nearly 357 billion dollars in development projects for the years to the next four, concentrated particularly in the sectors of industry, energy, housing and construction, services and agriculture (in both its plant and animal), water resources, education, transport and communications, and dropped the plan 79% of the total investment required the responsibility of government investments and 21% on your investment, the plan sets the government's priorities in the field of development, and outlines the path that will help Iraq achieve a more diversified economic growth. "
And went on in this regard we have emphasized in our plan to: -
- Rework developmental roles between the public and private sectors and toward stimulating the private sector to be a key partner and active in the process of transformation and development in the country, through the creation of the environment and conditions to make this sector an active partner, efficient and competitive generator of jobs.
- To continue to develop the building blocks and infrastructure necessary to create a base of stone towards a diversified and competitive economy.
- Strengthen the decentralized role of the regions and governorates in the development process and give key roles in this process.
- Greening investment and the shift towards eco-friendly economy and improve the proportions between the three dimensions of sustainable development (economic, social and environmental).
- Workforce development and improve labor market and Thaih the legislative environment and appropriate investment work to generate decent jobs and especially for women and young people.
- To achieve an acceptable balance between operating expenses and capital expenditures in the federal budget.
In addition to the reference to the sources of optimism and positive factors that were behind the formulation of this ambitious plan, but we did not lose sight of the reference to the brakes that could hinder the implementation mechanisms and ceilings specified time to her, especially with regard to the corruption plaguing the state apparatus and the absence of political consensus between government parties, and the accompanying events and disorders security.
He Shaways expressed optimism about the future of the Iraqi economy, in a preliminary reading of the resources and the capabilities of Iraq shows us that Iraq has, according to geological studies, about 530 geological complexes give strong indications of the existence of how massive oil, no drilling of these structures only 115 of which 71 proved to contain Precautions huge oil spread over many fields, and the number of Iraqi fields discovered 71 fields did not take advantage of them only 27 fields, including ten giant, also show geological maps economic spatial distribution of areas having deposits of mineral resources in Iraq, the presence of the provinces rich in certain mineral substances, both where quantities sizes available backup or multiple types of these materials.
This great potential has made Iraq is enjoying the riches of enormous owning confounded, because the third-largest oil reserves in the world, and ranks tenth in proven reserves of natural gas, which makes it an influential player in the cycle of the machine civilization and a key player in the global economy, and a strong contender at the regional level.
As well as the high potential level of oil extraction and production and competitive prices to the low cost of oil production and extraction in Iraq, compared with other countries.
As Iraq has the capabilities and expertise in the field of competitive industries associated with sulfur, along with the widespread production of nitrogenous fertilizers and phosphate, as well as a very high reserves of silicate which is one of the purest types of silicate in the world.
And it is appropriate to mention here that the survival of Iraq away from the repercussions of the financial crisis and the recent global economic, constitute a point of an important guarantee and the power to attract additional front companies and capital finance for trade and investment, and adds a new factor confirms that Iraq is a suitable environment and fertile for business investment.
Ladies and Gentlemen:
And ended Iraqi Deputy Prime Minister to say: "We have confirmed on several occasions that our country is rebuilding its institutions and its economy in dire need to introduce modern technology in all aspects of the state and society, and the services and expertise of international companies discreet in various fields and sectors of life, and This forum is a new opportunity for those investors and businessmen to participate in the processes of modernization and construction and reconstruction in the sectors of education, culture, health and the environment, and the fields of infrastructure, such as water, electricity, energy, Construction and Housing, Transportation, communications and information technology, contracting and construction companies in various specializations, industry and minerals, agriculture and livestock, and the tourism sector and relics, and other fields in which we desperately need to invest in them. We also urgently need to prepare and train hands professional and labor and capacity building and informed on the latest scientific innovations and technology.
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10/07/2013 18:31
BAGHDAD / Aswat al-Iraq: in the presence of Deputy Prime Minister Ruz Nuri Shaways, held on Monday, Iraq investment conference in the Belgian capital Brussels, which was organized by the Embassy of the Republic of Iraq in cooperation with the Arab Chamber of Commerce - Belgian - Alluxmburkah and a large presence of the Iraqi side and the Belgian.
Conference was attended by Chairman of the National Investment Commission, Dr. Sami Al-Araji, Minister of Planning in the Kurdistan region Ali Sindi and heads of investment Anbar, Najaf and the Kurdistan region and representatives from the ministries of oil and electricity, foreign affairs and the Iraqi Central Bank and representatives of the Belgian government, businessmen and investors.
He began Dr Shaways his speech during the opening of the conference, thanking the Government of the Kingdom of Belgium for hosting "This economic forum is important," and Arab Chamber of Commerce - Belgian - Alluxmburkah Foundation and Ogoraa and all those who contributed to the establishment of the forum, also conveyed wishes of Prime Minister Nuri al-Maliki to the participants successfully Conference to serve the two countries.
He added: "This is not the first time that embraces Brussels such economic efficiency concerned with investment and development in Iraq, and perhaps a lot of Gentlemen remembers another forum for us here was two years ago, and has talked in detail about the foundations and basic directions of our economic policy in general , and the size and investment opportunities and prospects promising, in particular, and on the actions and political changes, legal and legislative continue to be taken to rebuild the economy and encourage investment, as well as our attitudes over the past years to open up to the outside world, and the development of the competitiveness of the economy as a necessary condition for accelerating integration with the regional and global economy, and build a basic rule of the market economy. "
He added: "We have confirmed our constant endeavor to provide all kinds of facilities to foreign companies and businessmen to encourage them to work and invest in Iraq and to remove the obstacles facing these operations."
He continued: "We talked occasions economic and investment several of the steps and procedures of political, legal and administrative level transition from a centrally planned to a market economy through the mobilization of the role of the private sector, and the trend towards creating a genuine partnership between the public and private sectors, and encourage national investment and regional and international levels, and other measures and steps that we believe are necessary to make our economy more vibrant and dynamic and able to respond to the requirements of the launch of the process of comprehensive and sustainable development in our country. "
And increased Shaways: "We continue our quest to change the identity of the Iraqi economy is shifting from economy yield to the economy of production, through the vision of the future long-term aim to build a diversified economy and prosperous, he began growing interest in sectors of education and health, and led by the sectors of mining, industry, energy, agriculture, tourism and communications Koqtab development essential.
Besides attention to the basic pillar of the Iraqi economy, but a sector of the oil industry in its various aspects. "
And went on: "I will focus in my day and intensely on the most important update of conditions and procedures and economic steps during the current year, and start referring to Security Council resolutions, most recently resolution 2107 last June to derail Iraq from the provisions of Chapter VII of the UN Charter what threat that extra step important on the road to complete national sovereignty and political and economic independence, and quality important step in the field of international relations.
And must help to further liberate Iraqi funds and recovery of the Iraqi economy, and to open new horizons for investments and foreign companies and facilitate the tasks of its work in Iraq. "
Shaways pointed to the approval of the Council of Ministers of Iraq last August, "the Federal Economic Reform Act, and to submit it to Parliament for approval.
The law aims to restructure the economy according to the principles of economy and modern requirements of the transition to a market economy, and ensure the expansion of the production base and diversify economic resources, through the adoption of market mechanisms and liberalization of foreign trade and internal and ensure fair competition, including possible economic reality in Iraq of growth during the the coming years, to revive many aspects of production broken, Kalqtain of the industrial and agricultural sectors. "
The law aims to create an investment climate to encourage local and foreign investors through the broad participation of private sectors in the management and ownership of economic units, and the development and expansion of capital markets activities and support the broad participation of the public in dealing shares and bonds and various securities.
He said: "last September we launched also the Second National Plan for Development in Iraq (2013 - 2017) and here let me pause in front of the main indicators of development and investment contained in the plan, with my call for all wishing to invest in our country to see this plan and study they provided them information and indicators and trends, and pose a working directory economic, development and investment, irreplaceable for investors and local businessmen them and foreigners, The plan new marks a new stage in the process of development planning is an important link in the system path strategically to promote the economic and societal . "
He pointed out that the plan "calls for an investment of nearly 357 billion dollars in development projects for the years to the next four, concentrated particularly in the sectors of industry, energy, housing and construction, services and agriculture (in both its plant and animal), water resources, education, transport and communications, and dropped the plan 79% of the total investment required the responsibility of government investments and 21% on your investment, the plan sets the government's priorities in the field of development, and outlines the path that will help Iraq achieve a more diversified economic growth. "
And went on in this regard we have emphasized in our plan to: -
- Rework developmental roles between the public and private sectors and toward stimulating the private sector to be a key partner and active in the process of transformation and development in the country, through the creation of the environment and conditions to make this sector an active partner, efficient and competitive generator of jobs.
- To continue to develop the building blocks and infrastructure necessary to create a base of stone towards a diversified and competitive economy.
- Strengthen the decentralized role of the regions and governorates in the development process and give key roles in this process.
- Greening investment and the shift towards eco-friendly economy and improve the proportions between the three dimensions of sustainable development (economic, social and environmental).
- Workforce development and improve labor market and Thaih the legislative environment and appropriate investment work to generate decent jobs and especially for women and young people.
- To achieve an acceptable balance between operating expenses and capital expenditures in the federal budget.
In addition to the reference to the sources of optimism and positive factors that were behind the formulation of this ambitious plan, but we did not lose sight of the reference to the brakes that could hinder the implementation mechanisms and ceilings specified time to her, especially with regard to the corruption plaguing the state apparatus and the absence of political consensus between government parties, and the accompanying events and disorders security.
He Shaways expressed optimism about the future of the Iraqi economy, in a preliminary reading of the resources and the capabilities of Iraq shows us that Iraq has, according to geological studies, about 530 geological complexes give strong indications of the existence of how massive oil, no drilling of these structures only 115 of which 71 proved to contain Precautions huge oil spread over many fields, and the number of Iraqi fields discovered 71 fields did not take advantage of them only 27 fields, including ten giant, also show geological maps economic spatial distribution of areas having deposits of mineral resources in Iraq, the presence of the provinces rich in certain mineral substances, both where quantities sizes available backup or multiple types of these materials.
This great potential has made Iraq is enjoying the riches of enormous owning confounded, because the third-largest oil reserves in the world, and ranks tenth in proven reserves of natural gas, which makes it an influential player in the cycle of the machine civilization and a key player in the global economy, and a strong contender at the regional level.
As well as the high potential level of oil extraction and production and competitive prices to the low cost of oil production and extraction in Iraq, compared with other countries.
As Iraq has the capabilities and expertise in the field of competitive industries associated with sulfur, along with the widespread production of nitrogenous fertilizers and phosphate, as well as a very high reserves of silicate which is one of the purest types of silicate in the world.
And it is appropriate to mention here that the survival of Iraq away from the repercussions of the financial crisis and the recent global economic, constitute a point of an important guarantee and the power to attract additional front companies and capital finance for trade and investment, and adds a new factor confirms that Iraq is a suitable environment and fertile for business investment.
Ladies and Gentlemen:
And ended Iraqi Deputy Prime Minister to say: "We have confirmed on several occasions that our country is rebuilding its institutions and its economy in dire need to introduce modern technology in all aspects of the state and society, and the services and expertise of international companies discreet in various fields and sectors of life, and This forum is a new opportunity for those investors and businessmen to participate in the processes of modernization and construction and reconstruction in the sectors of education, culture, health and the environment, and the fields of infrastructure, such as water, electricity, energy, Construction and Housing, Transportation, communications and information technology, contracting and construction companies in various specializations, industry and minerals, agriculture and livestock, and the tourism sector and relics, and other fields in which we desperately need to invest in them. We also urgently need to prepare and train hands professional and labor and capacity building and informed on the latest scientific innovations and technology.
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