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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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    Iraq Development Fund: The government succeeded in attracting investments worth $100 billion

    Rocky
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    Iraq Development Fund: The government succeeded in attracting investments worth $100 billion Empty Iraq Development Fund: The government succeeded in attracting investments worth $100 billion

    Post by Rocky Yesterday at 6:18 am

    Iraq Development Fund: The government succeeded in attracting investments worth $100 billion

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    Advisor to the Prime Minister for Investment Affairs, Executive Director of the Iraq Development Fund, Mohammed Al-Najjar



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    Economy News - Baghdad
    The Director of the Iraq Development Fund, Mohammed Al-Najjar, confirmed on Wednesday that the government had succeeded in attracting investments worth $100 billion. While explaining the most important features of the contract with Elsewedy Electric Company that was recently signed, he confirmed that it includes investments worth $5 billion and the establishment of 3 industrial cities.
    Al-Najjar said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "Iraq has attracted more than $100 billion in direct investments during the past two years, and we are at the beginning of the road, and there are other projects with large sums in various sectors."

    He added, "The recent contract with El-Sewedy Electric is promising, and we expect its investments in Iraq to reach $5 billion spread across Iraq, and the contract with it includes opening a joint Iraqi-global fund specialized in introducing industry and advanced education to the country, within projects to establish an industrial and economic city to attract investors in addition to other various projects."

    He continued, "The contract is pioneering in its kind, and the main idea in it indicates that the fund enters as a representative of the Iraqi government side, and we open investment opportunities for Iraqi investors, Iraqi citizens, and Gulf funds to prepare another fund to localize smart industry in Iraq."

    He explained that "there are three possibilities for the location of the economic city because we took into consideration that the city serves the workforce, cities, and governorates surrounding the city, and we are currently studying 3 regions in central and southern Iraq."

    Earlier, the Iraq Development Fund announced last Monday the signing of a memorandum of understanding with the Egyptian El-Sewedy Electric Company.

    Which aims, according to the fund, to establish an Iraqi investment fund called (the Settlement Fund) to attract local and international investments to develop strategic projects in various sectors, and also to develop economic alternatives in various fields such as agriculture, industry, and services to reduce dependence on oil.


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