Malls and commercial markets investment projects profitable economically unproductive

Malls and commercial markets investment projects profitable economically unproductive



10/1/2014 0


Criticized economists the government's plans to grant investment licenses private Bmolat and commercial markets without housing projects and infrastructure needed by the country for years, asserting that the high purchasing power of the citizen helped in multiple projects, commercial markets and malls, regardless of their contribution to non-actors in the development of the local economy.
The economist said the appearance of Mohammed Saleh in an interview for the "long", that "the investment law and the promise of customs exemptions private building projects malls and commercial markets contributed to the increased demand for licenses to build a very large degree."
"The trend toward rapid consumption of goods and imported goods, which expanded after 2003 in addition to the large purchasing power of the Iraqi people, prompting investors to trend towards profitability without other projects to create ease and cost of medium compared to other projects."
He explained that "these kinds of projects do not provide market productivity and contribute to a national increase in the gross domestic product, but on the contrary, are considered economic investments do not generate added value for the national economy because of the fulcrum trade on goods imported from abroad."
He said the "creation of shows or major commercial markets for supplies to view the
movement of productivity, which is Bmkaún coefficient and basic materials in the creation of infrastructure for the national industry crumbling best to bring goods and sell them directly without economic benefit to remember."
He stressed that "the government lacks a solid economic plans take into account the priorities necessary that the country needs such as housing, water projects, sanitation and revitalize national industry is fast, but fast moving consumer projects adopted Kalmullac business is economically productive."
Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry, especially those related to oil, housing, and oil and gas extraction, and to his need of the funds needed for infrastructure development and reconstruction, but observers contend that the lack of interest of the state to the private sector and the absence of investment laws which guarantees large investors and the absence of Other laws are still obstacles to the development of the economy in the form required. In turn, said economic expert Bahadeli Abbas in an interview for the "long", that "the profitability of investment projects is not considered important projects at the present time as far as infrastructure projects that the country has lacked for many years."
He added that "the lack of a unified plan investment by the federal government taking into account the economic attractions of each province contributed to the neglect of necessary projects and the demand for projects that do not sing, but the Iraqi economy and contribute to the waste of funds allocated to other sectors."
He explained that "the granting of investment licenses for the construction of Malls in the various provinces does not mean the existence of the movement of economic and investment so as to correct their inability to move the wheel of the actual production, which meant any local project or investment."
He said the "preference project profitability and the rapid increase in numbers of abnormal movement does not serve local economic Despite what these contain the most important projects of the positives of running a limited number of manpower and providing goods unknown origin with good industrial value."
He stressed that "the openness of government institutions and private investment to build the body of vital projects such as Project Basmajh private housing and other large investments are considered influential steps in the development of the national economy and help them overcome the accumulated crises afflicting years ago."
Predicted USAID, in (December 3, 2012) that leads the Iraqi economy, the Arab countries during the five years, asserting that Iraq possessed all the qualifications to be a powerful country economically.
Depends Iraq, which has the fourth largest oil reserves in the world at 95 percent of its annual budget on its oil exports and currently produces about 2.0009 million barrels a day, while the issue up to 2.0002 million barrels a day. Authority announced the investment of Baghdad, earlier, for granting 50 leave for the construction of commercial centers large and small, indicating that the value of those holidays of up to five billion dollars, as pointed out to stop work at the Mall of Harthiya central Baghdad, after the withdrawal of the Turkish company overseeing the project.
The head of the body, Shaker Zamili, in an interview to the "long-Presse," that "the commercial centers of the sectors that took an important place in the investment activity, which gives to the aesthetic of the capital Baghdad, and meet the needs of citizens in the areas of shopping and entertainment," adding that "the body 20 granted leave to build a large commercial centers (malls), worth about three billion dollars, as well as 30 other vacation center for small business (commercial building), worth about two billion dollars. "
He Zamili, that "the work of those centers is moving around well and according to schedule, with the exception Mall Harthiya, currently stalled due to the departure of the Turkish company executed him," noting that there is "an effort to persuade the company to return to work during the next few days."
The director of the Baghdad Investment Commission, that of "big shopping malls developed in the work, Mall of The Palm, located in the area of ​​Palestine Street, east of Baghdad, where they reached the completion rates where for about 95 percent," pointing out that "the opening awaiting the arrival of a group of international companies that I booked it in order to proceed with their processed. "
The Zamili that "a number of commercial centers, which granted a license to invest are still waiting, either the allocation of land or granting approval of designs by the secretariat of Baghdad, adding that" there are appeals of many by the Investment Authority of the Secretariat of Baghdad in order to accelerate in giving approvals basic designs for those projects. "
He Zamili that "there is a real delay in spite of the promises made by the Secretariat, that there will be a multiplier of work in order to accelerate the launch of the designs, especially in the field of hotels and commercial centers."
The Baghdad Investment Commission, revealed in (the 12th of September 2014 Current), has awarded 13 vacation to build hotels in the capital reached entrusted to nearly two billion dollars, to be a qualitative addition to the capital, announcing the opening near the Babylon Hotel after rehabilitation on according to the latest international specifications .

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