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[rtl]Editorial Date: 2018/2/14 8:49 • 96 times read[/rtl]
The conference on investment in Iraq, held on the sidelines of the Kuwait International Conference for the Reconstruction of Iraq, concluded its work at the Kuwait Chamber of Commerce and Industry on Tuesday with the participation of a wide range of representatives of private sector institutions from around the world.
At the opening session of the conference, Kuwait Chamber of Commerce Chairman Ali Al-Ghanim said the Kuwait International Conference on Iraq Reconstruction was the beginning of the security and development phase in the region.
He added that Kuwait does not regard the conference as a new experiment that is dedicated to Kuwait's regional, Arab and international role. It is also a pioneering experiment in restoring Arab-Arab relations from the perspective of the future and common interests.
In turn, the head of the National Investment Commission in Iraq, Sami Araji said at the same session that Iraq has become a state liberated by a stable economy without restrictions on the transfer of assets and funds.
He added that the infrastructure in Iraq needs reconstruction, especially the housing sector in the liberated areas of the Dahesh, "explaining that" this sector has promising investment opportunities. "
He said that the agricultural sector in Iraq is an excellent opportunity to invest in view of Iraq's need for food security, calling at the same time to invest in the industrial sectors and oil.
Araji pointed to plans to develop transport and railways and connect them from Baghdad to Mosul and then link them to the Silk Road to China through Iran.
He said that Iraq is seeking to build about 25 thousand housing units in a number of provinces in the first step in addition to a number of hotels, universities and hospitals.
Al-Araji stressed Iraq's interest in the tourism sector, particularly in the northern regions, which are characterized by tourism attraction in addition to the development of tourism areas in Iraq.
For his part, called for oil minister Jabbar al-Allaibi in his participation in one of the sessions of the conference to invest in the gas sector in Iraq, noting that the current reserves of gas in Iraq is 135 billion cubic feet.
He said that Iraq is a country rich in gas and investment in this area will put Iraq in the ranks of developed countries gas production.
He added that Iraq comes fourth in the world in terms of oil reserves, noting that with the intensification of oil explorations will increase Iraqi oil production and Iraq will be at the forefront of countries with high oil reserves.
Al-Allaibi said that the Iraqi Oil Ministry has giant plans to develop the oil sector, including oil refineries and the establishment and development of oil reservoirs and oil pipelines and all related to the oil field in view of its importance and vitality and its contribution to the rise of Iraq.
He pointed to the existence of 73 oil fields discovered and 30 percent of them under development, stressing Iraq's quest to develop the rest of the fields to raise the efficiency of Iraq in the various energy fields.
The conference was attended by a number of international finance and development institutions. IFC's Regional Director for the Middle East and North Africa Moayad Makhlouf said in a joint statement that the institution is investing $ 1.7 billion in Iraq as well as looking for greater funding opportunities to boost investment in Iraq.
He added that the liberalization of the investment sector in Iraq is a special challenge and the government can not be seized in all sectors, stressing the need to enter investors in the Iraqi market.
Makhlouf stressed the readiness of the institution to cooperate with investors wishing to invest in Iraq, adding that Iraq represents an investment market promising and open.
The Foundation is the private sector arm of the World Bank and advises investors in all sectors, particularly infrastructure.
Makhlouf said that the institution supports the private sector, especially in difficult markets and emerging economies, noting that the financing of the institution in the Middle East and North Africa close to two billion dollars.
"The energy sector, especially electricity, is the first investment opportunity in Iraq because the Iraqi government is encouraged to invest in this sector," said Zishan Sheikh, an investment officer of the International Finance Corporation (IFC).
He added that the need for electricity is estimated at 20 thousand megawatts and may reach 40 thousand megawatts as the wheel of reconstruction in Iraq.
Sheikh said gas conversion to energy is an important project in Iraq, adding that the Iraqi government has started using gas resources to generate energy, an "important point".
He stressed the need to attract private sector investments to energy sectors, noting that Iraq has a desire to invest in renewable energy, especially solar energy.
For his part, French Foreign Minister Jean-Ludriane said in a session of the conference that his country will stand firmly to the side of Iraq to regain its health as it stood with him in the fight against terrorism.
"The process of rebuilding Iraq is a huge and difficult process," he said, expressing his optimism that Iraq could improve its position with its enormous financial and human capabilities and potential.
He added that "Iraq can stand on its feet when achieving national reconciliation," noting that the reconstruction process takes into account the social and humanitarian aspect in Iraq.
The Kuwait International Conference for the Reconstruction of Iraq kicked off on Monday and will continue until Wednesday with the participation of a number of donor countries and international and regional organizations headed by five parties - the European Union, Iraq, Kuwait, the United Nations and the World Bank.
The conference aims to mobilize momentum to alleviate the suffering of the millions of displaced and affected Iraqis who are victims of the war on terrorism as well as the reconstruction of the areas liberated from terrorism and areas in need of assistance.
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Invest in Iraq} concludes his work with great optimism
[/rtl][rtl]Editorial Date: 2018/2/14 8:49 • 96 times read[/rtl]
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[rtl]The conference on investment in Iraq, held on the sidelines of the Kuwait International Conference for the Reconstruction of Iraq, concluded its work at the Kuwait Chamber of Commerce and Industry on Tuesday with the participation of a wide range of representatives of private sector institutions from around the world.
At the opening session of the conference, Kuwait Chamber of Commerce Chairman Ali Al-Ghanim said the Kuwait International Conference on Iraq Reconstruction was the beginning of the security and development phase in the region.
He added that Kuwait does not regard the conference as a new experiment that is dedicated to Kuwait's regional, Arab and international role. It is also a pioneering experiment in restoring Arab-Arab relations from the perspective of the future and common interests.
In turn, the head of the National Investment Commission in Iraq, Sami Araji said at the same session that Iraq has become a state liberated by a stable economy without restrictions on the transfer of assets and funds.
He added that the infrastructure in Iraq needs reconstruction, especially the housing sector in the liberated areas of the Dahesh, "explaining that" this sector has promising investment opportunities. "
He said that the agricultural sector in Iraq is an excellent opportunity to invest in view of Iraq's need for food security, calling at the same time to invest in the industrial sectors and oil.
Araji pointed to plans to develop transport and railways and connect them from Baghdad to Mosul and then link them to the Silk Road to China through Iran.
He said that Iraq is seeking to build about 25 thousand housing units in a number of provinces in the first step in addition to a number of hotels, universities and hospitals.
Al-Araji stressed Iraq's interest in the tourism sector, particularly in the northern regions, which are characterized by tourism attraction in addition to the development of tourism areas in Iraq.
For his part, called for oil minister Jabbar al-Allaibi in his participation in one of the sessions of the conference to invest in the gas sector in Iraq, noting that the current reserves of gas in Iraq is 135 billion cubic feet.
He said that Iraq is a country rich in gas and investment in this area will put Iraq in the ranks of developed countries gas production.
He added that Iraq comes fourth in the world in terms of oil reserves, noting that with the intensification of oil explorations will increase Iraqi oil production and Iraq will be at the forefront of countries with high oil reserves.
Al-Allaibi said that the Iraqi Oil Ministry has giant plans to develop the oil sector, including oil refineries and the establishment and development of oil reservoirs and oil pipelines and all related to the oil field in view of its importance and vitality and its contribution to the rise of Iraq.
He pointed to the existence of 73 oil fields discovered and 30 percent of them under development, stressing Iraq's quest to develop the rest of the fields to raise the efficiency of Iraq in the various energy fields.
The conference was attended by a number of international finance and development institutions. IFC's Regional Director for the Middle East and North Africa Moayad Makhlouf said in a joint statement that the institution is investing $ 1.7 billion in Iraq as well as looking for greater funding opportunities to boost investment in Iraq.
He added that the liberalization of the investment sector in Iraq is a special challenge and the government can not be seized in all sectors, stressing the need to enter investors in the Iraqi market.
Makhlouf stressed the readiness of the institution to cooperate with investors wishing to invest in Iraq, adding that Iraq represents an investment market promising and open.
The Foundation is the private sector arm of the World Bank and advises investors in all sectors, particularly infrastructure.
Makhlouf said that the institution supports the private sector, especially in difficult markets and emerging economies, noting that the financing of the institution in the Middle East and North Africa close to two billion dollars.
"The energy sector, especially electricity, is the first investment opportunity in Iraq because the Iraqi government is encouraged to invest in this sector," said Zishan Sheikh, an investment officer of the International Finance Corporation (IFC).
He added that the need for electricity is estimated at 20 thousand megawatts and may reach 40 thousand megawatts as the wheel of reconstruction in Iraq.
Sheikh said gas conversion to energy is an important project in Iraq, adding that the Iraqi government has started using gas resources to generate energy, an "important point".
He stressed the need to attract private sector investments to energy sectors, noting that Iraq has a desire to invest in renewable energy, especially solar energy.
For his part, French Foreign Minister Jean-Ludriane said in a session of the conference that his country will stand firmly to the side of Iraq to regain its health as it stood with him in the fight against terrorism.
"The process of rebuilding Iraq is a huge and difficult process," he said, expressing his optimism that Iraq could improve its position with its enormous financial and human capabilities and potential.
He added that "Iraq can stand on its feet when achieving national reconciliation," noting that the reconstruction process takes into account the social and humanitarian aspect in Iraq.
The Kuwait International Conference for the Reconstruction of Iraq kicked off on Monday and will continue until Wednesday with the participation of a number of donor countries and international and regional organizations headed by five parties - the European Union, Iraq, Kuwait, the United Nations and the World Bank.
The conference aims to mobilize momentum to alleviate the suffering of the millions of displaced and affected Iraqis who are victims of the war on terrorism as well as the reconstruction of the areas liberated from terrorism and areas in need of assistance.
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