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[rtl]Editorial Date: 2018/2/9 15:39 • 197 times read[/rtl]
Iraq is seeking to attract foreign investment of about 100 billion dollars in the transport, energy and agriculture as part of a plan to rebuild throughout the country and revive the economy after a war against the Islamic state organization lasted three years.
The government's National Investment Authority has published a list of 157 projects it will seek to attract investment at an international conference on Iraq reconstruction scheduled to be hosted by Kuwait from Feb. 12 to 14.
"Some of these projects are related to rebuilding destroyed facilities such as Mosul airport, while other projects are new investments aimed at strengthening and diversifying the economy away from oil,"
said Saleh Saleh, an economic adviser to the prime minister. "The total is about $ 100 billion, Including rebuilding, rehabilitation and new projects. "
The cost of 16 projects is $ 500 million or more each, according to the list,
and reconstruction of homes, hospitals, schools, roads, work and communications is important to provide jobs for young people and stop the displacement of hundreds of thousands of people and end decades of Naf political and sectarian.
US and Western officials say the US government will not contribute funds at the conference but instead will encourage investment by the private sector and Arab allies in the Gulf.
A US official in Baghdad said 100 US companies would attend the conference.
The list tops three railway projects, a 500-kilometer railway running from Baghdad to Basra in the south, costing about $ 13.7 billion, a railway running from Baghdad to Mosul in the north at an estimated cost of $ 8.65 billion, Dollars.
Iraq re-opened its doors to foreign investment in 2003, but the vast majority of the billions invested have increased the country's oil and gas production.
Iraq has become the second largest exporter of crude in the Organization of Petroleum Exporting Countries (OPEC) after Saudi Arabia with a daily production of 4.4 million barrels.
Iraq will seek to attract investment in the sector of oil downstream activities, including storage tanks, refineries and petrochemical projects to process the raw material produced and used in the production of plastics and fertilizers.
Investment in the oil and agriculture sectors would be easier to attract than other sectors, Saleh said, given the country's huge reserves of crude, land availability and water wealth.
The total land offered for investment to cultivate "strategic crops" is about 1,500 square kilometers. Iraq, the world's second-largest wheat importer, aims to achieve self-sufficiency and may become a net exporter of grain.
"We feel there is support from the Americans, the Europeans, the Arab countries, the United Nations and the humanitarian organizations," Saleh said.
The General Secretariat of the Council of Ministers announced the end of all preparations for the Kuwait International Conference for the Reconstruction of Iraq, which will start on Monday for three days for the period 12-13-14 of February.
"The agenda of the conference, which will be held by the official delegation of Iraq, which includes a number of ministers and officials in the relevant bodies of the federal government and the Kurdistan region in addition to the governors of all provinces, will include three main axes {reconstruction, Investment and support stability and peaceful coexistence}.
The statement added that "the government adopted in its mentioned forums a series of studies distributed on the three days, will discuss the study of the survey of damage and needs, as well as projects to support stability and community reconciliation and peaceful coexistence, and discuss another study to identify the procedures for creating the environment for investment, 212} investment project for all sectors of the Iraqi economy, including projects in the Kurdistan region. "
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Advisor to Abadi reveals huge projects to be presented at the Kuwait Conference
[/rtl][rtl]Editorial Date: 2018/2/9 15:39 • 197 times read[/rtl]
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[rtl]Iraq is seeking to attract foreign investment of about 100 billion dollars in the transport, energy and agriculture as part of a plan to rebuild throughout the country and revive the economy after a war against the Islamic state organization lasted three years.
The government's National Investment Authority has published a list of 157 projects it will seek to attract investment at an international conference on Iraq reconstruction scheduled to be hosted by Kuwait from Feb. 12 to 14.
"Some of these projects are related to rebuilding destroyed facilities such as Mosul airport, while other projects are new investments aimed at strengthening and diversifying the economy away from oil,"
said Saleh Saleh, an economic adviser to the prime minister. "The total is about $ 100 billion, Including rebuilding, rehabilitation and new projects. "
The cost of 16 projects is $ 500 million or more each, according to the list,
and reconstruction of homes, hospitals, schools, roads, work and communications is important to provide jobs for young people and stop the displacement of hundreds of thousands of people and end decades of Naf political and sectarian.
US and Western officials say the US government will not contribute funds at the conference but instead will encourage investment by the private sector and Arab allies in the Gulf.
A US official in Baghdad said 100 US companies would attend the conference.
The list tops three railway projects, a 500-kilometer railway running from Baghdad to Basra in the south, costing about $ 13.7 billion, a railway running from Baghdad to Mosul in the north at an estimated cost of $ 8.65 billion, Dollars.
Iraq re-opened its doors to foreign investment in 2003, but the vast majority of the billions invested have increased the country's oil and gas production.
Iraq has become the second largest exporter of crude in the Organization of Petroleum Exporting Countries (OPEC) after Saudi Arabia with a daily production of 4.4 million barrels.
Iraq will seek to attract investment in the sector of oil downstream activities, including storage tanks, refineries and petrochemical projects to process the raw material produced and used in the production of plastics and fertilizers.
Investment in the oil and agriculture sectors would be easier to attract than other sectors, Saleh said, given the country's huge reserves of crude, land availability and water wealth.
The total land offered for investment to cultivate "strategic crops" is about 1,500 square kilometers. Iraq, the world's second-largest wheat importer, aims to achieve self-sufficiency and may become a net exporter of grain.
"We feel there is support from the Americans, the Europeans, the Arab countries, the United Nations and the humanitarian organizations," Saleh said.
The General Secretariat of the Council of Ministers announced the end of all preparations for the Kuwait International Conference for the Reconstruction of Iraq, which will start on Monday for three days for the period 12-13-14 of February.
"The agenda of the conference, which will be held by the official delegation of Iraq, which includes a number of ministers and officials in the relevant bodies of the federal government and the Kurdistan region in addition to the governors of all provinces, will include three main axes {reconstruction, Investment and support stability and peaceful coexistence}.
The statement added that "the government adopted in its mentioned forums a series of studies distributed on the three days, will discuss the study of the survey of damage and needs, as well as projects to support stability and community reconciliation and peaceful coexistence, and discuss another study to identify the procedures for creating the environment for investment, 212} investment project for all sectors of the Iraqi economy, including projects in the Kurdistan region. "
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