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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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    Government Advisor: A large housing project is under study within the Chinese agreement

    Rocky
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    Government Advisor: A large housing project is under study within the Chinese agreement Empty Government Advisor: A large housing project is under study within the Chinese agreement

    Post by Rocky Fri 15 Dec 2023, 5:08 am

    [size=38]Government Advisor: A large housing project is under study within the Chinese agreement[/size]


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    December 15, 2023[You must be registered and logged in to see this link.]
    Baghdad/Al-Masala Event: The financial advisor to the Prime Minister, Mazhar Muhammad Salih, today, Friday, identified two directions for the cooperation framework agreement between Iraq and China, and while summarizing what Chinese companies have implemented, he revealed a project A large housing estate is under study, and an Iraqi desire to increase the investment account within the agreement.
    Saleh said, “The cooperation framework agreement between the Republic of Iraq and the People’s Republic of China (which was signed in May 2018 and the signing of its accounting and oil annexes was completed in September 2019) includes two directions: the first, allocating the proceeds of 100 thousand barrels of oil from the total Iraqi oil exported to China, to be spent on projects.” Infrastructure through Chinese companies.”
    He added, “The second trend: is to grant Iraq a credit line with a total ceiling of $10 billion, provided by Chinese banks in the form of soft payments according to the need and agreement between the two countries, and with the Chinese government’s guarantee to implement urban projects that are also undertaken by Chinese companies and according to competitive principles.”
    He continued: “As far as the first trend is concerned, Chinese companies have implemented projects to develop electric power stations, the 1,000 school project, as well as the Nasiriyah International Airport, in addition to a large housing project under study dedicated to the poor and limited-income classes, in addition to starting to implement a large number of projects.” Of hospitals in the governorates of Iraq.
    He concluded by saying: “As for the second trend, investment funds directed to projects undertaken by Chinese companies have been included in the (tripartite) federal general budget law within the framework agreement between the two countries, and work continues on this path,” noting that “the duration of the agreement is 20 years, and there is an Iraqi desire.” To increase the investment account, so that its balance increases from 100 thousand barrels of oil out of the total oil exported daily to China, so that the financial flow in the investment account balance is revenues from 150 thousand barrels per day allocated for the purposes of investment projects, the allocations of which are recorded in the federal general budget.
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