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IFC Invests $ 18 Million in Iraq Safi Danone unit
4/21/2015
Alsumaria News / Baghdad
The International Finance Corporation, it is investing $ 18 million Safi Danone unit in Iraq, stating that he will set up a new plant for dairy production capacity of an annual target of 59 thousand tons. It said in a statement that it "would inject $ 18 million in Iraqi unit to Saudi company Al Safi Danone Dairy rare in foreign investment in the non-oil sector of the country." Institution added that "the money will contribute to the expansion of operations, which include a new plant for the Albanians in the Kurdistan region, targeting an annual production capacity of 59 thousand tons." Winder pumping such investments in Iraq, which is witnessing a struggle for more than ten years and is currently battling gunmen, suspected al " Daash . " And fueled the decline in world oil prices of Iraq's economic problems in the last year. This comes within the framework of the investment plan of the International Finance Corporation, a member of the World Bank Group to increase investment and advisory services in Iraq over the next few years to reach between 100 000 130 million dollars a year in sectors such as infrastructure and capital markets. Iraq and Al Safi Danone joint venture between Saudi Arabia and Al Safi Danone Group Faisaliah Saudi-Iraqi and Alesrh global Danone Group, which is based in France have.
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