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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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An economist explains the importance of the “Invest in Youth” initiative and its impact on the marke

rocky
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An economist explains the importance of the “Invest in Youth” initiative and its impact on the marke Empty An economist explains the importance of the “Invest in Youth” initiative and its impact on the marke

Post by rocky Tue 21 Sep 2021, 6:50 am

An economist explains the importance of the “Invest in Youth” initiative and its impact on the market

  •  Time: 09/20/2021 21:07:50
     
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{Economist: Al Furat News} The economic expert, Alaa Al-Fahd, explained on Monday the importance of the “Invest in Youth” initiative and its impact on the market.
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Al-Fahd told Al-Furat News that "the initiative of the National Investment Authority to support young people in small and medium projects is an opportunity for this category to choose their projects, especially since the state's administrative apparatus is flabby and it is not possible to add appointments under the current circumstances."
He added, "These initiatives were undertaken by several countries, such as South Korea and Singapore, which operate the economy and form the nucleus of large projects," adding, "the private sector is looking for successful projects with economic feasibility."
Al-Fahd said, "The fund's capital is approximately 30 billion dinars, if we calculate each project from 10-25 million dinars, it will cover approximately 750 small projects that contribute to the employment of young people as a first process and then proceed to a larger one."
He noted that "
Last Saturday, the National Investment Commission launched an initiative to support Iraqi youth under the slogan (Invest in Youth) under the auspices of Prime Minister Mustafa Al-Kazemi.
In her speech, the head of the authority, Suha Daoud Najjar, confirmed that "this initiative comes within the framework of supporting young people to enter the investment process currently existing in Iraq with new development ideas in various economic sectors," noting that "the authority will give these young people an opportunity to present their ideas before the sector's attention. The year represented by the presence of a number of ministers and officials in relevant institutions, in addition to a number of investors and businessmen interested in supporting this initiative.
For his part, Minister of Finance, Ali Allawi, stated that "there are intellectual potentials among young people, which the ministry seeks to support by establishing a fund for which 30 billion dinars has been allocated. The ministry will also launch new initiatives to support youth companies, especially in the digital sector led by youth." He called on the competent international institutions to "contribute to the expansion of the fund's amount to reach 50 billion during the next two years under the supervision and participation of a number of ministries."

Wafaa Al-Fatlawy
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