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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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    The Development Fund confirms the imminent launch of the school buildings project

    Rocky
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    • Post n°1

    The Development Fund confirms the imminent launch of the school buildings project Empty The Development Fund confirms the imminent launch of the school buildings project

    Post by Rocky Sun 29 Oct 2023, 2:22 pm

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    [size=52]The Development Fund confirms the imminent launch of the school buildings project[/size]
    • Today 21:38




    Information / Baghdad...
    The Iraq Fund for Development announced, on Sunday, the imminent launch of the school construction project, indicating that it will be its first work, while noting that it will implement 3 types of projects in six sectors. 
    The CEO of the Fund, Muhammad al-Najjar, told the official agency and his follower, “Al-Maalouma”, that “the initial allocation to the Iraq Development Fund with the budget amounts to one trillion dinars annually, and 3 trillion throughout the years of the three-year budget, and the main goal is to change the philosophy of managing Iraq’s economy to create economic diversification, introduce the latest technological developments, and seek the assistance of expertise.” management through private investment.
    Al-Najjar added, “The Fund supports private investment and operates exclusively through it, and it consists of six funds: the Environment Fund, the Digital Transformation Fund, the Housing Fund, the Industry Fund, the Agriculture Fund, and the Education Fund,” noting that “an executive director has been appointed, and now it is in the process of launching the Fund’s first project, which is the project to establish schools.” "In the next two or three weeks."
    He continued, "The fund has a development goal and an investment goal, and it works on three types of projects: those with societal returns, balanced projects that have no loss or profit, in addition to profitable projects. The boom expected from it is focused on activating the role of the private sector in strategic and development projects, and this has not happened previously." The government is using the funds available to it to help transform and create success stories for the rest of the state’s sectors.”
    Al-Najjar stated, “The Fund has a Board of Directors and governance mechanisms, and the Chairman of the Board of Directors is the Prime Minister, with three ministers as members, namely the Ministry of Finance, Planning and Reconstruction. Mechanisms have been pressed, which are best practices used by the rest of the funds around the world.” Ended 25 n
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