Home
[size=36]The first of its kind.. The Iraq Development Fund announces the adoption of new governance[/size]
economy | 09:26 - 09/21/2024
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this link.]
Mawazine News - Baghdad
The Iraq Development Fund announced today, Saturday, the approval of a new governance, the first of its kind, and while explaining the details of the "rent from investor service", it set a date to start building 400 schools after completing their designs.
The Fund's Executive Director, Mohammed Al-Najjar, said: "The Board of Directors of the Iraq Development Fund holds regular meetings, and the last meeting was exceptional as it included the approval of what is called the new governance that has not been previously discussed in Iraq and the possibility of the fund working in line with other funds around the world," indicating that "governance is required as most projects are investment projects and governance in them will create a transparency issue in the entry and exit of funds."
He added that "the second axis discussed the activation of the Dubin Schools Project and the guarantees required from investors in schools to the government or the fund; with the aim of starting the project within a month."
Regarding purchasing services from investors, Al-Najjar stated that "the fund is on its way to activating the rent from investor service, as the school that is built is rented from the investor for ten years and then returns to the state," noting that "the basic idea of this work is that it will enable us to build 10 schools compared to one previously."
He stated, "We started purchasing the cost, which is divided over ten years, in the form of a lease, and this allows the construction of 10 schools at the same
time instead of one," noting, "the importance of mobilizing capital from investors and the private sector to achieve profits through leases." He explained, "This leads to the creation of a large movement of schools that are built at the same time and creates large job opportunities and demand for raw materials and makes the private sector an essential part with the government in implementing strategic projects," noting, "When the fund was first established, the conversion of dilapidated mud schools and caravans was discussed to be implemented using this system, as their total number, according to available statistics, is 1,750 schools."
He stressed, "The fund will start with the first 400 schools within a month or less because the designs have been completed and the contracts with the consulting companies have been completed, and what remains is to choose the investors capable of implementing the first 400 schools according to international standards."
He stated, "These schools will be environmentally friendly and will be built in areas with little afforestation," noting, "No money will be granted until the school is received, after which the first lease will be granted."
He said, "If we succeed in this service, there are countries and organizations whose funding will be used."
Regarding the presidential palaces in Basra, he pointed out that, "The palaces are located in a very important location and will allow for the presence of structures that greatly serve tourism in Iraq, in addition to the fact that they generate very large resources."
The Fund's Executive Director, Mohammed Al-Najjar, said: "The Board of Directors of the Iraq Development Fund holds regular meetings, and the last meeting was exceptional as it included the approval of what is called the new governance that has not been previously discussed in Iraq and the possibility of the fund working in line with other funds around the world," indicating that "governance is required as most projects are investment projects and governance in them will create a transparency issue in the entry and exit of funds."
He added that "the second axis discussed the activation of the Dubin Schools Project and the guarantees required from investors in schools to the government or the fund; with the aim of starting the project within a month."
Regarding purchasing services from investors, Al-Najjar stated that "the fund is on its way to activating the rent from investor service, as the school that is built is rented from the investor for ten years and then returns to the state," noting that "the basic idea of this work is that it will enable us to build 10 schools compared to one previously."
He stated, "We started purchasing the cost, which is divided over ten years, in the form of a lease, and this allows the construction of 10 schools at the same
time instead of one," noting, "the importance of mobilizing capital from investors and the private sector to achieve profits through leases." He explained, "This leads to the creation of a large movement of schools that are built at the same time and creates large job opportunities and demand for raw materials and makes the private sector an essential part with the government in implementing strategic projects," noting, "When the fund was first established, the conversion of dilapidated mud schools and caravans was discussed to be implemented using this system, as their total number, according to available statistics, is 1,750 schools."
He stressed, "The fund will start with the first 400 schools within a month or less because the designs have been completed and the contracts with the consulting companies have been completed, and what remains is to choose the investors capable of implementing the first 400 schools according to international standards."
He stated, "These schools will be environmentally friendly and will be built in areas with little afforestation," noting, "No money will be granted until the school is received, after which the first lease will be granted."
He said, "If we succeed in this service, there are countries and organizations whose funding will be used."
Regarding the presidential palaces in Basra, he pointed out that, "The palaces are located in a very important location and will allow for the presence of structures that greatly serve tourism in Iraq, in addition to the fact that they generate very large resources."
[You must be registered and logged in to see this link.]
» MM&C 9/21/24 Al-Alaq: We are constantly reviewing the deletion of zeros from the dinar, and there ar
» Kuwait issues decree to avoid double taxation and prevent tax evasion with Iraq
» Under the patronage of Al-Sudani.. Baghdad hosts the Iraq Investment Forum
» MP: Iraq has made significant strides in enhancing its defensive weapons stockpile
» By expanding the scope of loans... Will the government succeed in controlling the housing crisis?
» "Governmental Weakness"... 3 Countries Continue to Violate Iraq's Sovereignty
» Iraqi calls to take caution with mobile communication devices
» Four steps revealed for the post-US withdrawal phase
» Sadiqoun responds to Romanowski's statements... "inflaming the security situation"
» Legal expert confirms Iraq's right to sue Americans locally and internationally
» Basra MP: Aqaba pipeline is a failed project and rejected by the Iraqi people
» Iraqi judiciary supports amending the “Civil Status”: It will not be limited to marrying minors
» Central Bank of Iraq: We are studying removing zeros from the dinar and there are no restrictions on
» Iraqi currency auction records a 97% jump in foreign remittances
» In numbers.. Transport announces airline revenues and number of aircraft returned to service
» Minister of Labor confirms the continuation of the launch of the student grant
» This week.. Parliamentary Finance Committee visits the region
» Dollar price stability in Baghdad
» The new income tax law..will it achieve national justice?
» Imposing new fees on medical services in hospitals
» Erbil transfers 91 billion dinars to Baghdad
» Economic diagnosis of a major loss in the Qayyarah oil field
» Economic Warning: Betting on Rising Oil Prices Is an Ill-Considered Decision
» Parliamentary Finance Committee visits Kurdistan Region this week
» Higher Committee: Weak classes will not be included in the new income tax law
» Inclusion of increased amounts and numbers of beneficiaries in the Housing Fund Law
» Field campaign to include private sector workers in social security
» Today.. 30 thousand schools receive students
» How do we activate the tourism sector in Iraq?
» Petrochemical projects
» Sulaymaniyah.. Commercial and industrial deals at (DBX) Exhibition
» Calls for a “comprehensive assessment” of loss-making public companies
» Water Resources completes 75% of dredging and sediment removal works from the Euphrates River column
» Tomorrow, the opening of the "Iraq International Exhibition and Conference for Information and Commu
» "Obscene" wealth.. Political movements and demands for the judiciary to question Halbousi: Where did
» The President of the Republic affirms Iraq's commitment to activating the recommendations of the Par
» Kurdistan hands Baghdad 100 billion dinars in non-oil revenues for May
» Organizing Committee: Iraq Investment Forum will provide 90 industrial opportunities
» Parliamentary Oil: Iraq will dispense with gas imports by this date
» Al-Halbousi's alternative has not been decided.. Parliamentary signatures to add a new candidate for
» Parliamentary Security: We have started a qualitative movement in 4 governorates to end the danger o
» Electricity wants to take action against those who tamper with meter readings
» Transport Minister soon in Parliament over “corruption allegations”
» Al-Sudani in New York.. a protocol visit that lacks the “most important” files
» New government measures on mental health
» Parliamentary Legal Committee comments on personal status: Objections will be taken into considerati
» Oil fluctuations put the government in the “borrowing box”.. What is the fate of salaries?
» Barzani: Losses from halting oil exports exceed $19 billion, no Israeli bases in Kurdistan
» A crack within the “framework” may lead to early elections.. The “wiretapping” crisis has widened th
» Atomic Energy Authority announces an important achievement in the field of peaceful uses
» The first of its kind.. The Iraq Development Fund announces the adoption of new governance
» Iraq is at the bottom of the world's democracy index... What is the reason?
» The Ministry of Labor tours shops and professionals: Do you want a retirement like an employee? You
» List of dollar exchange rates against the dinar in Iraq today
» What did the special parliamentary committee to preserve state property achieve?
» "Service Government" Restores Citizens' Confidence in the Political System
» Deep-rooted problems and losses exceeding $19 billion... Barzani explains the nature of the dispute
» A new mechanism for distributing land plots to citizens in Najaf
» Parliamentary Integrity Commission reveals the most dangerous corruption files in Iraq
» utube 9/21/24 MM&C Iraq Dinar Update | #xrpripple #iraqidinar - Iraq Budget Revenue Tables 2024 S
» Government confirms its adoption of a "constructive economic policy"
» Iraq ranks 77th globally in the Artificial Intelligence Index
» Documents prove that Baathists run the Ministry of Foreign Affairs
» It is due to Iran and Russia.. Iraq and Saudi Arabia have fallen from the top oil exporters to China
» Al-Sudani's advisor: The banking system in Iraq is rentier par excellence
» The dollar rises in local markets
» "Suspicious deals" and "monopoly".. What is happening with the file of granting lands and state prop
» Prime Minister's meeting with the Banking Association.. Decisions to support and confirm the role of
» Prime Minister Masrour Barzani participates in the ceremony marking the 75th anniversary of the foun
» Kurdistan Interior Minister thanks China for continued support, praises cultural, scientific relatio
» The Ministry of Education intensifies its awareness campaigns on the dangers of the drug scourge
» Escalating demands to expose corruption in Iraqi ports: a threat to the national economy
» “On time”... The Ministry of Finance confirms its full commitment to paying employees’ salaries
» Will Parliament resort to the courts to dismiss Al-Alaq?
» $290 million loan from Austria to Iraq
» Iraq.. A major campaign to rationalize water consumption
» American newspaper reveals the US withdrawal plan from Iraq
» Al-Sudani leaves the capital, Baghdad, heading to New York
» Despite the imminent official announcement... No clear agreement on the form of "ending the internat
» Dollar exchange rate rises in Iraq today
» Member of the Parliamentary Legal Committee: The Iraq Gateway Project must be subject to scrutiny an
» Granting presidential palaces for investment to “suspicious names”.. Parliamentary integrity is “sus
» Washington warns of threats to Iraq's security and stability
» utube 9/17/24 Iraq Dinar Update --Sudani Sadr-Development-Pro
» Oil and Gas Parliamentary: There is a major failure in the work of the Internal Control Department a
» Parliamentary Legal: All objections to the Civil Status Law will be taken into consideration
» Worth $2.7 billion.. Iraq contracts with a Korean company to supply it with a surface-to-air missile
» Revealing a parliamentary movement within the House of Representatives to decide the position of the
» Al-Alawi: The continued influx of foreign workers in an unplanned manner
» Parliamentary Legal: Concerns over Personal Status Law are Misunderstood
» ILO identifies “enormous” economic challenges in Iraq, proposes solutions to address unemployment
» Iraq imports electricity at a cost of up to $300 million annually
» Communications: The Internet will witness a significant improvement in Iraq soon
» Has Iraq overcome the problem of paying Iranian gas money?
» The Civil Service Council responds to a parliamentarian regarding the availability of job grades for
» India expresses its readiness to work in Iraq in these areas
» Al-Sudani: There is no alternative but to have capable Iraqi banks that adopt all financial standard
» The Department of Economic Relations at the Ministry of Commerce discusses with an economic delegati