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Emphasized the role of agricultural and industrial projects in support of economic
June 23 2011
Investment body: Iraq to reduce the chances of dependence on oil imports
Haidar Al-faleh Baghdad.
Had not known that open borders wide open to the flow of various goods and merchandise is often affected the national economy in General and action to weaken the industrial reality, however, many economists agree that the high production cost because of yet another decline in GDP and increase the proportion of the goods into the country.
In the meantime invited senior economic adviser in the national investment Commission of the Government to increase support for agricultural and industrial facilities in Iraq, noting that the Commission on legislation of laws said it would do much fact industrial investment in the country, reviving many productive areas in various governorates.
Dr. Abdullah Al-Bandar speaking for (morning): the investment code and modify it latest included projects of public and private sector, and investment law has encouraged many public sector projects stalled or that production rate decline recently, stressing that the move was aimed at creating strong partnerships between public and private sectors and industrial gains benefit to the country first and then to develop productive investment II. reality.
And between Bandar to the Ministry of industry and after modifications to the law of investment launched to publicize the availability of many investment opportunities in various industrial facilities and offered to domestic and foreign private sector for the purposes of sharing or development, stating that it would push to increase private-sector investors after the Investment Act created a large number of measures to support domestic industrial side.
Bandar said that national investment Commission has recently attracted many foreign manufacturers to invest in many different industrial areas in Iraq, and that what has been achieved already after granting a French company a contract for cement plant in Karbala, another for the same product involved in one of the laboratories of the Ministry of industry in Sulaymaniyah as Advisor, which affirmed the existence of a number of other projects being negotiated in connection with investment by the private sector or foreign investment companies as a phosphate plant and laboratory glass projects can To revive domestic industrial realities and provide dozens of manpower and reduce foreign imports.
Bandar stressed the need to reduce dependence on oil imports, he said, Iraq's economic policy as I see it is essential to reduce dependence on oil revenues globally and in the composition of GDP, we develop the rest of the production facilities are capable of increasing the country's imports, especially agricultural and industrial sides, calling on the Government to work on the development of these persons through the show more support in order to diversify sources of income, which he said Bandar: It's few and rely on oil.
Bandar warned of continued reliance on oil imports in supporting the country's working budget, noting that the Iraqi economy is thanks to this heavily linked directly to the global economy, which is امرخاطيء can affect national economic realities and threatens to collapse as had happened during the global crisis and the decline in oil prices and then a financial deficit may significantly disturb the economic development process in Iraq.
Detection of Bandar faith national investment Commission protected investment projects in industrial and commercial across Iraq, stating that the first area to be constructed in Babylon and will include many local industries as well as commercial areas.
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June 23 2011
Investment body: Iraq to reduce the chances of dependence on oil imports
Haidar Al-faleh Baghdad.
Had not known that open borders wide open to the flow of various goods and merchandise is often affected the national economy in General and action to weaken the industrial reality, however, many economists agree that the high production cost because of yet another decline in GDP and increase the proportion of the goods into the country.
In the meantime invited senior economic adviser in the national investment Commission of the Government to increase support for agricultural and industrial facilities in Iraq, noting that the Commission on legislation of laws said it would do much fact industrial investment in the country, reviving many productive areas in various governorates.
Dr. Abdullah Al-Bandar speaking for (morning): the investment code and modify it latest included projects of public and private sector, and investment law has encouraged many public sector projects stalled or that production rate decline recently, stressing that the move was aimed at creating strong partnerships between public and private sectors and industrial gains benefit to the country first and then to develop productive investment II. reality.
And between Bandar to the Ministry of industry and after modifications to the law of investment launched to publicize the availability of many investment opportunities in various industrial facilities and offered to domestic and foreign private sector for the purposes of sharing or development, stating that it would push to increase private-sector investors after the Investment Act created a large number of measures to support domestic industrial side.
Bandar said that national investment Commission has recently attracted many foreign manufacturers to invest in many different industrial areas in Iraq, and that what has been achieved already after granting a French company a contract for cement plant in Karbala, another for the same product involved in one of the laboratories of the Ministry of industry in Sulaymaniyah as Advisor, which affirmed the existence of a number of other projects being negotiated in connection with investment by the private sector or foreign investment companies as a phosphate plant and laboratory glass projects can To revive domestic industrial realities and provide dozens of manpower and reduce foreign imports.
Bandar stressed the need to reduce dependence on oil imports, he said, Iraq's economic policy as I see it is essential to reduce dependence on oil revenues globally and in the composition of GDP, we develop the rest of the production facilities are capable of increasing the country's imports, especially agricultural and industrial sides, calling on the Government to work on the development of these persons through the show more support in order to diversify sources of income, which he said Bandar: It's few and rely on oil.
Bandar warned of continued reliance on oil imports in supporting the country's working budget, noting that the Iraqi economy is thanks to this heavily linked directly to the global economy, which is امرخاطيء can affect national economic realities and threatens to collapse as had happened during the global crisis and the decline in oil prices and then a financial deficit may significantly disturb the economic development process in Iraq.
Detection of Bandar faith national investment Commission protected investment projects in industrial and commercial across Iraq, stating that the first area to be constructed in Babylon and will include many local industries as well as commercial areas.
[You must be registered and logged in to see this link.]
