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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 Basra Council prevented a Kuwaiti company from large agricultural investment project

    Hkp1
    Hkp1
    Hkp1
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    Posts : 3118
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    • Post n°1

    project - The Basra Council prevented a Kuwaiti company from large agricultural investment project Empty The Basra Council prevented a Kuwaiti company from large agricultural investment project

    Post by Hkp1 Mon 25 Mar 2013, 3:36 pm

    The Basra Council prevented a Kuwaiti company from large agricultural investment project

    Author: MB
    Editor: AW
    Monday 25 March 2013 13: 01 GMT


    Alsumaria news/Basrah

    The
    Basra Investment Commission, Monday, was surprised by the decision to
    the provincial Council to prevent Kuwaiti company for implementation of
    agricultural project investment, the Board considered that his decision
    was based on economic and legal justification.


    He said the
    Basra Investment Commission behind BADRAN said in an interview for
    "alsumaria news", "the investment license granted authority to the
    company (Al-Babtain) for implementation of agricultural project in
    desert area includes cultivation of the tens of thousands, and hundreds
    of greenhouses for seasonal crops including tomatoes", stating that "the
    company started implementation of the project on an area of 11,000
    acres, the provincial Council decided to abruptly stop the project and
    withdraw investment license from the company."

    BADRAN noted that
    "the Commission has asked the Council to explain the reasons for the
    withdrawal of the licence and to prevent the company from the work on
    the project but the Council did not disclose reasons", adding that "such
    decisions affect the work of the Commission and worry foreign
    investors, especially since the project was stopped is the largest
    agricultural project in the province."

    As Chairman of the
    Committee on agriculture apologized to swadi Mohammed comment on
    resolution does not possess information about him being a healthy
    vacation enjoyed during the past four months, the Chairman of the
    Council's economic development Committee, Mahmoud 4gayts in an interview
    for "alsumaria news", that "the decision to withdraw the investment
    licence of the Kuwaiti company adopted by the Council in the light of
    the recommendations of the Committee formed by the Board to assess the
    project."

    4gayts noted that "the Commission found that the
    project leave granted by national investment authority in Baghdad, and
    the initial approvals, dating back to the former regime," he said,
    adding that "the company acquired under the investment license on vast
    tracts of land conservation, while only a few space exploits."

    The
    Chairman of the Committee stressed that "the decision to withdraw the
    license based on the legal and economic grounds and was not politically
    motivated", adding that "the Council aspires to promote investment in
    the agricultural sector, to foreign and local investments in this sector
    is virtually non-existent at the present stage."

    The agriculture
    in Basra deteriorated in the past few years, and is no longer
    attractive sectors for investment with the Province owns vast tracts of
    arable land, according to the strategic plan for the development of the
    province that began with local government by mid 2011 and extends until
    2015 "Basra has at least 800,000 hectares of arable land, the size of
    about 10% of the total area of the province, the exploiter of the
    500,000 acres."

    The plan emphasizes preparing the United Nations
    to "top threats faced by the agricultural sector to increase the
    salinity of the Shatt al-Arab with the growing threat of the tongue,
    salted from the Gulf, competitive imported agricultural products from
    neighbouring countries, desertification and sand dune encroachment on
    agricultural land, and comprehensiveness of a hydrocarbon law under
    heavy oil reservoirs.

    And Basra province, about 590 kilometers
    south of Baghdad, the diversity of agricultural activities, which is
    famous for its desert which is located within the cutter Zubair seasonal
    crops such as tomatoes, cucumbers and melons yellow and red, with
    unique Faw overlooking the Gulf henna bushes are planted in the northern
    areas of the province hundreds of wheat fields, either in the southern
    and Eastern regions, with palm groves that concentrated its intensity on
    both sides of the Shatt al-Arab and its rivers, the problem of salt
    penetration blowjob in the Shatt al-Arab Has doubled in recent years
    from declining agriculture in the municipality of FAO and Abu al-Khasib
    (South), and the Shatt al-Arab (East), with unaffected farms located in
    Zubair (West) located in the desert and its reliance on categorical
    groundwater, and this company (Al-Babtain) have tended to invest in the
    region, according to the investment that the company was spending more
    than $ 15 million on the project.


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