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Iraq needs to address financing problems

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1Iraq needs to address financing problems Empty Iraq needs to address financing problems Mon Nov 11, 2024 7:32 pm

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Iraq needs to address financing problems
 
Economical 11/12/2024
Baghdad: Al-Sabah
 
Economic circles explained that the reason for the decline in the expansion of projects inside Iraq lies in the financing for these projects, which represent the cornerstone for the development of the service and production economic sectors in the country, and indicated that
 
the paths to revitalizing financing require that we have elements that attract foreign capital to Iraq, which is an important labor market for many. Of international companies, especially after the development path began to appear on the horizon, and its first steps began from the port of Al-Faw.
 
Member of the Businessmen Union Dr. Murtada Al-Khafaji told "Al-Sabah":
 
Iraq needs capital that can be employed in Iraq and achieve a major benefit for Iraq and for the global partner who brings its capital and the advanced technology it possesses. Al-Khafaji added that the
 
lack of funding represents an obstacle to developing economic performance, pointing out that
 
Iraq’s need requires more than 200 billion to begin serious work on building development projects in all regions of Iraq and creating a work cell of great benefit to Iraq and the global market, especially since the reality of Iraq matters to many people.
 
Specialized international companies with capital and advanced technology are aware of Iraq's weight on the global economy.
 
In turn, member of the Baghdad Economic Forum, Jassem Al-Aradi, pointed out the
 
inevitability of activating the real economic sectors that represent the focus of addressing the chronic economic problems in Iraq, and which contribute to achieving a real multiplicity of financial revenues. He said:
 
The economic reality in Iraq requires serious work to attract specialized investments to the Iraqi field of work, which requires the presence of solid companies capable of bringing technology and production lines that move the Iraqi economy to a new stage. He stressed that
 
financing problems in Iraq are addressed through the local and international private sector, which has the executive capabilities, and here we must work carefully and carefully to communicate with the targeted companies that can within the promising Iraqi market. It is noteworthy that
 
economic experts have stressed on more than one occasion to overcome these limitations by providing funding sources, and the
 
importance of providing a specialized economic vision that is compatible with investment, which demands the availability of an investment environment that guarantees its rights, pointing out the
 
necessity of benefiting from global openness towards Iraq and the presence of international delegations at their various governmental and informal levels. Especially those who expressed a desire to work inside Iraq.   
 
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