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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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    More than 150 investment projects will be presented at the Kuwait Conference for the Reconstruction

    Rocky
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    More than 150 investment projects will be presented at the Kuwait Conference for the Reconstruction Empty More than 150 investment projects will be presented at the Kuwait Conference for the Reconstruction

    Post by Rocky Tue Feb 06, 2018 2:23 am

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    More than 150 investment projects will be presented at the Kuwait Conference for the Reconstruction of Iraq


     Baghdad / Range 

    Iraq plans to launch more than 150 investment projects at the International Donor Conference hosted by the State of Kuwait.
    The government said it needed about $ 100 billion to rebuild liberated areas in the north and west of the country. 
    Some 70 countries are scheduled to participate in the International Conference on Iraq Reconstruction (IRI), which is dedicated to offering investment opportunities in Iraq, as well as raising $ 100 billion for the reconstruction of liberated areas. 
    The infrastructure of the Iraqi ministries in the provinces under the control of Dahesh suffered large losses, including power projects and government facilities, estimated at billions of dollars. 
    The Iraqi government has announced its desire to receive 85 billion dollars from 70 countries will participate in the Conference on the reconstruction of Iraq, which will be held in Kuwait on 12 February, through loans and grants and investments granted by a number of foreign and Arab countries.
    A source in the Iraqi government, said that "the Kuwait conference is not only to reconstruct the liberated areas, but specifically to the reconstruction of the Iraqi provinces in full," noting that "the transformation of the conference to the reconstruction of all provinces because of the pressure exerted by the United Nations on the Iraqi government because the provinces of the south, specifically Basra and Dhi Qar And Muthanna, witnessing a tragic reality. " 
    The Iraqi government's desire that the international military alliance to fight Da'ash should become an international financial coalition that will participate in the reconstruction of the liberated areas and contribute to restoring stability. Many displaced people refuse to return to their areas because of the lack of an environment that attracts them after the destruction of their homes. 
    The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, he felt that the Kuwait Conference will form an international financial coalition for the reconstruction of Iraq, similar to the International Military Alliance, which carried out air strikes against the organization and urged the arrows crushed and expelled from Iraqi territory.
    Saleh said in a press statement that "Iraq needs the world today, because it removed the danger of them by ending the organization calling the terrorist in his land and prevent it from expanding to other countries, so the military alliance to turn into a financial alliance to support the reconstruction of Iraq." 
    He stressed that "the Kuwait conference aims to bring investors to Iraq through the establishment of projects to develop the infrastructure of the Iraqi economy, which will reflect positively on the lives of people," pointing out that "the Iraqi private sector should have a role in this aspect." 
    Anbar provincial council member, Awdal al-Fahdawi, said that "Anbar province has a destruction rate of up to 80%, and the House of Representatives declared that it is a disaster zone, while the government did not allocate the funds for its reconstruction and therefore needs 20 years to build 25% .
    He added that "in 2018, the government to allocate $ 1 billion, to rebuild 60,000 homes completely destroyed, hospitals, schools and infrastructure for water and sewage," stressing that the investment opportunities offered by the government to rebuild Anbar is very weak and keep pace with the volume of destruction. "He said 
    that Anbar will adopt On the financial grants to be allocated by friendly countries such as Qatar, Saudi Arabia and Kuwait at the conference, because it has become the poorest province in Iraq, 
    while warned the economic expert, Adel Adel, the disaster that will be resolved in Iraq during the Kuwait conference, because it will increase the debt currently amounting to 123 billion dollars.
    Adel said that "the Kuwait conference will increase the troubles of Iraq, because the government will grant large facilities at the expense of Iraq's sovereignty, as is currently happening with the international oil companies operating in southern Iraq," noting that "the loans received by Iraq at the Kuwait conference will increase the The volume of loans currently amounting to 123 billion dollars, which exceeded the red line, accounting for more than 60% of GDP. 
    He pointed out that "Prime Minister Haider Abadi, recently announced that the global companies complain today of bureaucracy and corruption rampant in the joints of the state, which does not encourage them to enter Iraq, and this means that Iraq must make significant concessions that may threaten the security and sovereignty of the work of these companies" . 
    On the other hand, revealed the head of the National Investment Commission Sami Araji, Iraq has put three documents in Iraq donors conference in Kuwait.
    "Iraq has developed an investment vision to be presented at the donor conference in Kuwait, where the Authority and the national effort put forward a clear vision for the conference in cooperation with the World Bank, the International Finance Corporation and some of the major international organizations we have been working on over the past months," Araji said. 
    He pointed out that "we are about to launch three important documents, the first on the amount of destruction that resulted from military operations, and criminality particularly in the areas he occupied, and the second document, is the amounts required for reconstruction," noting that "these documents were field accurate studies And in cooperation with the World Bank and the United Nations according to accurate estimates. " 
    "The other document, the document of the National Commission for Investment and Investment Environment in Iraq, where you will talk about the map of investment throughout the country."
    He Araji, "The private sector has been affected a lot during the past years, and we have no means to any investment balance," noting that "investors in the provinces have made good achievements." 
    He added that "there are 300 thousand housing units between the completed and under-completed in Baghdad and the provinces during the past years," noting that "the investment environment has improved, but without ambition, and Iraq will be a major incubator for investors."

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