The five-year plan has doubled the demand for investment in Iraq
23/5/2018 12:00 am
[rtl]Their implementation by the private sector is dependent on the availability of capital
The recently announced five-year plan focused on partnership with the private sector by 40 percent of the volume of investments, which is worth 88 trillion dinars compared to 60 percent for the public sector and worth 132 trillion dinars. The plan also confirmed that if the private sector can achieve this percentage, investments will increase with It is known that the government has already announced two years ago the development of the private sector until 2023 in order to enable the development leadership of the private sector.
The private sector frequency
and explained the competent economic affairs in the Union of businessmen Rahim Hussein that " the five - year plan may be reported that the private sector afraid or reluctant to work within the plan due to non - payment of all financial dues for periods
"The other reason is the administrative and financial corruption in some state departments. The contractor when he comes to work collides with this reality, in addition to interventions that hinder work, which causes delays in the completion and payment of fines for this delay," he said.
Rahim added: "There are other reasons, such as routine, in order for the investor to carry out the transactions and proceed with the work a long way of reviews so that the prices of raw materials in production or wages during the period of review may change, which may cause loss to the investor. Liquidity of banks and investors
And the reasons for the hesitation of the private sector between the "liquidity of the banking sector or the investor if it is large and deposited in one of the government banks will suffer from the problem of determining the amounts of withdrawals and there is no open draw," stressing the need to provide facilities for overdraft, as the current banking system is not in line with the stage advanced compared to global banks, aware that private banks have more flexibility in the handling of the counterpart
He added that" the five - year plan, which is supposed to start in early 2018, if you start at the end of this year will be the partial work, however, if started Including its implementation decree 2019 until 2022 will be the private sector has a big role in which the percentage of 40 percent of the private sector and 60 percent of the government will be the possibility of their existence sector in
common. " Linear success of the Five - Year
Rahim said that "the success of the plan depends on the possibilities available for implementation at the present time, in addition to the financial resources available, which will determine the dependence on loans and grants from other countries or not
, noting that the amounts allocated from the Kuwait Reconstruction Conference did not receive the private sector,
Rahim explained that "the private sector is ready to work in the construction projects and reconstruction of destroyed cities and even in Baghdad, because they need many housing units to get rid of
"We have companies ready to build vertical housing units marketed by granting loans to citizens to benefit from these units because the activity of the movement of construction means reducing the
unemployment rate ."
He reviewed the stages of the private sector by saying "
There were factories and laboratories that were produced in the 1970s as well. The electronics and electrical industries covered the needs of the Iraqi market
. In the 1980s, factories and factories began to stop, causing deterioration in the government industry and the private sector [/rtl]
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