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Economist: Iraq construction materials consumed in excess of $ 75 billion
9/2/2015
Economic expert on behalf of Jamil Antoine revealed on Wednesday, Iraq's consumption of construction materials exceed 75 billion dollars, noting that "this amount is equivalent to oil sales." Said Antoine told all of Iraq [where] that "economic reforms include giving five trillion dinars to the industrial sector through the launch of soft loans to support this sector and the trend towards industries that materials preliminary available within the country, such as petrochemicals and leather industry and construction materials industry." He added that "the trend towards local industry came after a study of the amount of consumer Iraqi imports, which exceeded 75 billion dollars, explaining that" this figure may equal oil sales or more. " He said Antoine to be "more raw materials such as mud, gravel and sand are present in Iraq, which is the basis for the manufacture of such construction materials imported by Iraq," noting that "the re-activation of construction materials factories in Iraq create jobs to absorb the big unemployment in the markets and the creation of housing units commensurate with the need." Iraqi state and relies on building the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching its budget in 2015 about $ 100 billion deficit expected up to 25% .anthy 2
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9/2/2015
Economic expert on behalf of Jamil Antoine revealed on Wednesday, Iraq's consumption of construction materials exceed 75 billion dollars, noting that "this amount is equivalent to oil sales." Said Antoine told all of Iraq [where] that "economic reforms include giving five trillion dinars to the industrial sector through the launch of soft loans to support this sector and the trend towards industries that materials preliminary available within the country, such as petrochemicals and leather industry and construction materials industry." He added that "the trend towards local industry came after a study of the amount of consumer Iraqi imports, which exceeded 75 billion dollars, explaining that" this figure may equal oil sales or more. " He said Antoine to be "more raw materials such as mud, gravel and sand are present in Iraq, which is the basis for the manufacture of such construction materials imported by Iraq," noting that "the re-activation of construction materials factories in Iraq create jobs to absorb the big unemployment in the markets and the creation of housing units commensurate with the need." Iraqi state and relies on building the annual financial budget by about 90% on imports of the source of oil, and the resulting decline in crude prices since the middle of last year to a significant decline in Iraq's resources reaching its budget in 2015 about $ 100 billion deficit expected up to 25% .anthy 2
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