Basra is the focus of foreign investor is. And expectations that attracts complex "time square" big companies in the world
2014/08/23 (00: 01 pm)
Baghdad/Ibrahim Ibrahim
Economists called the local government in Basra to guide foreign investment to infrastructure in the province instead of creating projects "is not economically feasible," the Basra Investment Commission said that the province and its strategic importance they qualify the province to take a distinct role at the regional level in the region.
And Economist Mustafa Mohammed Habib said in an interview for "the range", that "Basra is Iraq's spirit of its gfravi site overlooking the Gulf and its territory from various mineral resources including oil."
He said that "despite the delayed investment in Basra wheel but it represents a glimmer of hope for the evolution of the economic and financial field to enter dozens of foreign companies and service projects and large entertainment contributing to the near term increase incomes of the province."
Habib said that "previous years proved the weakness of local companies and lack of experience in building and reconstruction of the province add to the reluctance of all projects charged with causing significant financial losses to balance local Basra."
The "evolution of the investment side of Basra province over the past few years is not consistent with the importance of the strategic city which match the Gulf city of Dubai for a money crisis and experience enough to make them kiss the economic world."
"The local Government of Basra has a duty to provide basic services to optical, notably drinking water rather than creating great entertainment cities consume millions of dollars."
He noted that "the foreign investment and through plans by county officials to promote the service sectors to sustain without waiting for the Government and its plans failed and confusing."
Basra Investment Commission said that foreign investment in the province reached 68% of total investment is "a positive sign" on the investment environment in his be or become poor due to the "importance of the Basra site in attracting foreign investors and the secure and stable conditions enjoyed by the rest of the provinces", as she was awarded in the first half of this year "vacations" investment of $ 1 billion and 100 million dollars, said "two distinct reference their site" and to give opportunities for the development of Basra airport.
He said Basra Investment Commission to GASPE in an interview for "the press", the term "foreign investment has reached a higher proportion of domestic investment averaging 68% of foreign and 28% for local and 4% joint venture between foreign and domestic in Basra," he said, adding that "a positive indication of the investment environment in the province."
GASPE said that "the first half of the year 2014 investment opportunities saw an estimated billion and 100 million dollars," returned to "this is the highest proportion in investment projects in the province, despite the difficult security conditions being experienced by the country during the current phase."
GASPE stressed the "importance of the Basra site in attracting foreign investors as a safe city relative to other economic regions," adding that "promoting investment opportunities also contributed to bringing in foreign investment companies".
The Chairman of the Basra Investment Commission to "the presence of foreign banks and their presence before the advent of the investor and foreign investor for environment preservation and the investment opportunities in terms of economic profitability as well as its economic importance has contributed to the rise of investment in the province."
GASPE to drew "investment projects in the province have highlighted two distinct reference to site the first Al Jazeera cement factory which opened in mid-March this year 2014, which is supplying the southern region with cement and other times square commercial sight project it is hoped opening the first phase of the end of the year," Noting that "the largest commercial complex in Iraq to bring 100 foreign companies and international brands."
And "the body of GASPE to the granting of investment opportunities in all sectors except insurance companies, banks and oil and gas extraction", adding that "investing in refineries within its powers but a high level coordination requires the Ministry of oil and investment companies for the oil fields to provide raw materials and crude oil."
GASPE noted that "in connection with the granting of investment opportunities for the development of Basra airport and expanded service facilities and entertainment such as the activation of the transport sector in the country," said the Chief of the local government in Basra "exploiting security conditions in Northern and Western provinces to promote investment in the province being the focus of foreign companies that want to invest in Iraq".
And the investment authority in Basra, on (June 9) 19 vacation investment cost billion and 100 million dollars, as indicated that such leave is "an achievement" despite the difficult circumstances being experienced by the Board not to approve the country's budget, the granting foreign investors a greater proportion of investment projects in the province.
And the u.s. Consulate in Basra (mid year) to stabilize the security situation in Basra provides a good opportunity for investors and entrepreneurs implement their projects, while ensuring conservation management has renewed contracts with international companies to ensure sound project implementation level.
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2014/08/23 (00: 01 pm)
Baghdad/Ibrahim Ibrahim
Economists called the local government in Basra to guide foreign investment to infrastructure in the province instead of creating projects "is not economically feasible," the Basra Investment Commission said that the province and its strategic importance they qualify the province to take a distinct role at the regional level in the region.
And Economist Mustafa Mohammed Habib said in an interview for "the range", that "Basra is Iraq's spirit of its gfravi site overlooking the Gulf and its territory from various mineral resources including oil."
He said that "despite the delayed investment in Basra wheel but it represents a glimmer of hope for the evolution of the economic and financial field to enter dozens of foreign companies and service projects and large entertainment contributing to the near term increase incomes of the province."
Habib said that "previous years proved the weakness of local companies and lack of experience in building and reconstruction of the province add to the reluctance of all projects charged with causing significant financial losses to balance local Basra."
The "evolution of the investment side of Basra province over the past few years is not consistent with the importance of the strategic city which match the Gulf city of Dubai for a money crisis and experience enough to make them kiss the economic world."
"The local Government of Basra has a duty to provide basic services to optical, notably drinking water rather than creating great entertainment cities consume millions of dollars."
He noted that "the foreign investment and through plans by county officials to promote the service sectors to sustain without waiting for the Government and its plans failed and confusing."
Basra Investment Commission said that foreign investment in the province reached 68% of total investment is "a positive sign" on the investment environment in his be or become poor due to the "importance of the Basra site in attracting foreign investors and the secure and stable conditions enjoyed by the rest of the provinces", as she was awarded in the first half of this year "vacations" investment of $ 1 billion and 100 million dollars, said "two distinct reference their site" and to give opportunities for the development of Basra airport.
He said Basra Investment Commission to GASPE in an interview for "the press", the term "foreign investment has reached a higher proportion of domestic investment averaging 68% of foreign and 28% for local and 4% joint venture between foreign and domestic in Basra," he said, adding that "a positive indication of the investment environment in the province."
GASPE said that "the first half of the year 2014 investment opportunities saw an estimated billion and 100 million dollars," returned to "this is the highest proportion in investment projects in the province, despite the difficult security conditions being experienced by the country during the current phase."
GASPE stressed the "importance of the Basra site in attracting foreign investors as a safe city relative to other economic regions," adding that "promoting investment opportunities also contributed to bringing in foreign investment companies".
The Chairman of the Basra Investment Commission to "the presence of foreign banks and their presence before the advent of the investor and foreign investor for environment preservation and the investment opportunities in terms of economic profitability as well as its economic importance has contributed to the rise of investment in the province."
GASPE to drew "investment projects in the province have highlighted two distinct reference to site the first Al Jazeera cement factory which opened in mid-March this year 2014, which is supplying the southern region with cement and other times square commercial sight project it is hoped opening the first phase of the end of the year," Noting that "the largest commercial complex in Iraq to bring 100 foreign companies and international brands."
And "the body of GASPE to the granting of investment opportunities in all sectors except insurance companies, banks and oil and gas extraction", adding that "investing in refineries within its powers but a high level coordination requires the Ministry of oil and investment companies for the oil fields to provide raw materials and crude oil."
GASPE noted that "in connection with the granting of investment opportunities for the development of Basra airport and expanded service facilities and entertainment such as the activation of the transport sector in the country," said the Chief of the local government in Basra "exploiting security conditions in Northern and Western provinces to promote investment in the province being the focus of foreign companies that want to invest in Iraq".
And the investment authority in Basra, on (June 9) 19 vacation investment cost billion and 100 million dollars, as indicated that such leave is "an achievement" despite the difficult circumstances being experienced by the Board not to approve the country's budget, the granting foreign investors a greater proportion of investment projects in the province.
And the u.s. Consulate in Basra (mid year) to stabilize the security situation in Basra provides a good opportunity for investors and entrepreneurs implement their projects, while ensuring conservation management has renewed contracts with international companies to ensure sound project implementation level.
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