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[ltr]Industry: the investment budget for 2016 "zero"[/ltr]
Since 02.17.2016 at 12:15 (Baghdad time)
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[ltr]Special - balances News[/ltr]
[ltr]It confirmed the Ministry of Industry and Minerals, on Wednesday that the lack of financial allocations to the ministry blocked the rehabilitation of military industries, revealing finding investment opportunities and the return of investors through contracts with foreign companies to pay on credit.[/ltr]
[ltr]And heading the Ministry of Industry to manufacture light and medium military weapons and explosives devices, while stressing that there is no contract to supply security forces weapons manufactured locally.[/ltr]
[ltr]He said ministry spokesman Abdel Wahed al-Shammari's / balances News /, said that "the investment budget in the budget of 2016 did not specify a sum mentioned was the number is zero," adding that "the lack of allocations disrupted a lot of special projects that there are special areas of defense industry plants the ministry would like rehabilitated to suit the demand existing at the present time as well as the rehabilitation of light and medium military industries. "[/ltr]
[ltr]He added, "The ministry will move toward creating a real investment opportunities and invite investors and facilitate the work of companies on credit," he said. "There are meetings taking place with a lot of foreign companies that have expressed Astaadadaha work on credit, according to the agreements made between the ministry and companies, but these contracts demand guarantees may be sovereign to ensure the neutrality of the capital that needs to be real legal jewelry offer them. "[/ltr]
[ltr]Revealed for the economic and investment commission in Parliament earlier in the presence of political interference hinder the development of industry in Iraq, especially the defense industry.[/ltr]
[ltr]From: Nur al-Din Wahba[/ltr]
[You must be registered and logged in to see this link.]
Since 02.17.2016 at 12:15 (Baghdad time)
[ltr][You must be registered and logged in to see this image.][/ltr]
[ltr]Special - balances News[/ltr]
[ltr]It confirmed the Ministry of Industry and Minerals, on Wednesday that the lack of financial allocations to the ministry blocked the rehabilitation of military industries, revealing finding investment opportunities and the return of investors through contracts with foreign companies to pay on credit.[/ltr]
[ltr]And heading the Ministry of Industry to manufacture light and medium military weapons and explosives devices, while stressing that there is no contract to supply security forces weapons manufactured locally.[/ltr]
[ltr]He said ministry spokesman Abdel Wahed al-Shammari's / balances News /, said that "the investment budget in the budget of 2016 did not specify a sum mentioned was the number is zero," adding that "the lack of allocations disrupted a lot of special projects that there are special areas of defense industry plants the ministry would like rehabilitated to suit the demand existing at the present time as well as the rehabilitation of light and medium military industries. "[/ltr]
[ltr]He added, "The ministry will move toward creating a real investment opportunities and invite investors and facilitate the work of companies on credit," he said. "There are meetings taking place with a lot of foreign companies that have expressed Astaadadaha work on credit, according to the agreements made between the ministry and companies, but these contracts demand guarantees may be sovereign to ensure the neutrality of the capital that needs to be real legal jewelry offer them. "[/ltr]
[ltr]Revealed for the economic and investment commission in Parliament earlier in the presence of political interference hinder the development of industry in Iraq, especially the defense industry.[/ltr]
[ltr]From: Nur al-Din Wahba[/ltr]
[You must be registered and logged in to see this link.]
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