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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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    Industry: 280 investment opportunities for government factories

    Rocky
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    Industry: 280 investment opportunities for government factories Empty Industry: 280 investment opportunities for government factories

    Post by Rocky Thu 01 Jul 2021, 7:54 am

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    BAGHDAD - INA - Wissam Al Mulla
    announced that the Ministry of Industry and Minerals, on Thursday, about 280 investment opportunities for government factories, while suggesting the existence of two types of investment contracts with Arab and foreign companies and the private sector.
    The Director General of the Investments Department in the Ministry of Industry, Saif Al-Din Ali, told the Iraqi News Agency (INA): "The ministry is still working on Resolution 336 issued by the Council of Ministers for the year 2018 and is continuing for investment," noting that "there are 280 investment opportunities for government factories." 
    He added that "there is a section of the factories that did not invest, as a result of the delay in approving the mineral investment law in the parliament, pointing out that" there are many important industries that have been suspended, the most important of which is the phosphate and sulfur industry of all kinds, which is one of the most important strategic transformational extractive industries. 
    He pointed out that "there are two types of investment contracts with Arab and foreign companies and the private sector in the Ministry of Industry and Minerals," explaining that "the first type of participating contracts is 122 contracts distributed in 22 public companies," noting that "these contracts have different activities, given that our public companies It is involved in various industrial activities and according to its internal system, including the establishment of new projects, such as the establishment of factories, including contracts for the preparation of production lines to raise capacities, and these are in various types of industries and in 22 public companies spread.” 
    He added that "the second type of investment contracts is rehabilitation, operation and development contracts," noting that "these contracts are concerned with old factories and factories that have been destroyed and destroyed due to terrorist operations in the liberated governorates or factories whose production capacities are low and are intended to be developed with modern technologies."
    He explained that "the number of rehabilitation, operation and development contracts concluded in the public company is 22 contracts distributed among 7 public companies, the most important of which are the General Company for Cement, construction industries, and others, and various other laboratories," stressing that "there are announced investment opportunities and offers submitted to different companies under study, and these are The numbers are constantly increasing for many reasons." 
    He added, "The Investments Department aspires to develop and prepare contracts," noting that "the lack of central funding to set up projects and maintain old projects pushed us towards encouraging investment with specialized, discreet and capital-owning companies, so we hope to increase investment contracts."

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