The private sector contributes more than $70 billion to fuel investments
The first 11/29/2023
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Baghdad: Omar Abdul Latif
The National Investment Commission estimated the growing private sector participation in public investments in the country over the coming years.
The Chairman of the Authority, Haider Makiya, explained that “the private sector will participate with more than $70 billion to fuel the investment arena in the country.” Makiya said, in an interview with “Al-Sabah”: “Work will begin soon in the five new cities in the Baghdad governorates, represented by Al-Jawahiri, located in the Abu Ghraib district, with an area of 7,121 dunums, the new gardens in Babylon with an area of 7,000 dunums, the banks of Karbala with an area of 3,000 dunums, and New Fallujah.” In Anbar, with an area of 4,085 dunums, and Al-Ghazlani in Nineveh Governorate, with an area of 4,700 dunums. Makiya expected that “the private sector will participate in the calculations of economic and statistical figures with more than $70 billion to feed the investment arenas,” pointing out “the existence of a real partnership with the private sector, and the search for a real investor who is serious about work and is capable of performing in the sector in which he works.”
Makiya continued, "Work has resumed in the city of Bismayah, as it is a successful model and example of the real infrastructure that Iraq can witness," noting that "the National Population Council has developed a strategy to replicate the model of this city in more than one governorate."
Edited by: Ali Abdel Khaleq
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