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Parliamentary Economy: The majority of government laboratories losing and need to be asked to invest
2015/10/22
I went back to the Committee of Economy parliamentary and investment, on Thursday, to ask the Ministry of Industry and Minerals, Cement Babylon plant investment step "good and necessary", and while confirming that the majority of government laboratories "loser" and should be put up for investment, whether by local or foreign bodies, likely to vote to amend the law investment next week.
The Committee member Nora Albjara, in an interview to the (long-Presse), "The step of the Ministry of Industry and Minerals to invite specialized companies to invest in cement Babylon plant, good and necessary," indicating that "Iraq's first producing cement Arab countries, and should invest in this area to diversify economic resources , especially after the fall in oil prices. "
She Albjara, that "most of the Iraqi government laboratories losing, it is important to put up for investment", usually that of a private "necessary to resort to invest in this file for the cement plants because it is profitable."
And confirmed a member of the Committee on the economy parliamentary and investment, "not to be a problem in investment cement plants by Iraqi or foreign investor," pointing out that "what is important is that Iraq could benefit from these labs, especially since the investment law gives the opportunity for the Iraqi investor to enter into partnership with foreign counterpart. "
She Albjara, that "the investment law included the Chamber of Deputies session last Monday, (the 19th of October the current 2015), but there is an error in the sequence of its clauses and some minor differences, led to the postponement of reading", expressing the hope that "this is done in the first session of next week for a vote. "
The Ministry of Industry and Minerals, called, first on Tuesday, specialized investment companies and businessmen to participate in investment opportunities available General Company for Southern Cement has, while indicated that they are seeking through to the rehabilitation of cement Babylon plant and the opening of new production lines, stressed the need investors take advantage of new investment conditions.
The General Company for Southern Cement, already signed a contract for the rehabilitation and operation of the cement Babylon plant in 2013 has not been activated which led to its dissolution and its Abolition, in the face of the Minister of Industry to re-statement Laboratory for investment to allow a greater number of investors to participate in this opportunity and contribute to the lab run and the development of the cement industry in Iraq.
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