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President of the Basra Investment: the Authority's strategy moving towards the establishment of a large industrial city
Sunday, 01 December / 2 January 2012 17:59
{Baghdad} Euphrates News Search Premier Albzona province of Basra this morning, with the head of the conservative investment behind Badran, located investment and developments and constraints to investment business.
He praised the Albzona, according to a statement of the Agency has received the Euphrates News} {copy, "the efforts of the investment in licenses awarded seven new investment projects in various sectors," stressing the need to "make more efforts to promote sector investment."
He expressed his willingness "to provide the necessary support to find the attraction of capital and by providing incentives and guarantees provided and the promotion of investment companies and investors to stimulate and develop the economy of the province and set up various projects contribute to the operation of the sons of the province and of a position of economic stability and security enjoyed by the Basra and left the companies mark distinctive the case of rising construction and reconstruction in the province. "
The statement added that "the two sides discussed during the meeting, projects that have received investment licenses and follow-up rates achieved through field visits to Jean competent authority for the reality of projects and rates of progress achieved, as well as work to reduce red tape and bureaucratic management in government departments in obtaining approvals sectoral projects which are repellent factor for investment. "
, From his part, chairman of BIC behind Badran that "Basra despite the vastness of geographical size, but it suffers from the availability of land suitable for its announcement as opportunities investment because of the ownership of most of the oil ministry, ministries," calling "state departments to declare the territory under the mandate of the announcement as opportunities investment promotion and attract solid companies to exploit them optimally through the establishment of a variety of investment projects. "
And Badran, said that "the Authority's strategy moving towards the establishment of an industrial city great will be established by a lot of important projects, notably Project iron and steel, which is marked with {Basra Steel} and made by the company {Erbil Steel} at an investment cost of up to $ 150 million, and the project company { Phoenix! Danish industrial production and packaging tubes, the amount of investment is 85 million, along with the establishment of other industrial plants, and work for a variety of agricultural investment projects in the area Ketbian on an area of land estimated at 10 000 acres. "
The Basra Investment Commission has recently awarded seven licenses to investment projects in various sectors of the investment cost of up to $ 670 million.
The statement added that "the Basra Investment Commission is currently completing the requirements of setting up a project to build 100 thousand residential units in the district of the Shatt al-Arab, which will be implemented by companies Trac Korean, in addition to accelerating the pace of work to transform the presidential palaces to the resort after the receipt of the offer and plans of a company the Canadian competent the Great. "ended.
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Sunday, 01 December / 2 January 2012 17:59
{Baghdad} Euphrates News Search Premier Albzona province of Basra this morning, with the head of the conservative investment behind Badran, located investment and developments and constraints to investment business.
He praised the Albzona, according to a statement of the Agency has received the Euphrates News} {copy, "the efforts of the investment in licenses awarded seven new investment projects in various sectors," stressing the need to "make more efforts to promote sector investment."
He expressed his willingness "to provide the necessary support to find the attraction of capital and by providing incentives and guarantees provided and the promotion of investment companies and investors to stimulate and develop the economy of the province and set up various projects contribute to the operation of the sons of the province and of a position of economic stability and security enjoyed by the Basra and left the companies mark distinctive the case of rising construction and reconstruction in the province. "
The statement added that "the two sides discussed during the meeting, projects that have received investment licenses and follow-up rates achieved through field visits to Jean competent authority for the reality of projects and rates of progress achieved, as well as work to reduce red tape and bureaucratic management in government departments in obtaining approvals sectoral projects which are repellent factor for investment. "
, From his part, chairman of BIC behind Badran that "Basra despite the vastness of geographical size, but it suffers from the availability of land suitable for its announcement as opportunities investment because of the ownership of most of the oil ministry, ministries," calling "state departments to declare the territory under the mandate of the announcement as opportunities investment promotion and attract solid companies to exploit them optimally through the establishment of a variety of investment projects. "
And Badran, said that "the Authority's strategy moving towards the establishment of an industrial city great will be established by a lot of important projects, notably Project iron and steel, which is marked with {Basra Steel} and made by the company {Erbil Steel} at an investment cost of up to $ 150 million, and the project company { Phoenix! Danish industrial production and packaging tubes, the amount of investment is 85 million, along with the establishment of other industrial plants, and work for a variety of agricultural investment projects in the area Ketbian on an area of land estimated at 10 000 acres. "
The Basra Investment Commission has recently awarded seven licenses to investment projects in various sectors of the investment cost of up to $ 670 million.
The statement added that "the Basra Investment Commission is currently completing the requirements of setting up a project to build 100 thousand residential units in the district of the Shatt al-Arab, which will be implemented by companies Trac Korean, in addition to accelerating the pace of work to transform the presidential palaces to the resort after the receipt of the offer and plans of a company the Canadian competent the Great. "ended.
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