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Australia aspires to enter the investment of more than $ 2.5 billion
On: Saturday 05/12/2012 7:19
Wasit / range
announced in the Australian Ambassador Lyndall Sachs Iraq to that country's government has a great desire to invest in Iraq among the various civilian sectors, particularly the agricultural sector more than $ 2.5 billion first stage.
Said Sachs in a joint news conference with the governor of Wasit Mahdi al-Zubaidi in the course of her visit to the province, "The Australian government has a great desire to enter the Iraqi market after the stability of senior security in Iraq, with the availability of climates good and appropriate to invest in this country who has with Australia's strong ties" .
She added, "I have the guidance of the Government of my country to visit some of the provinces of Iraq, especially the provinces that have a solid platform for investment in various areas as a prelude to the signing of memoranda of cooperation joint protocols and economic and trade between the two sides, where there is a great desire to Australian companies to take advantage of investment opportunities in those provinces in under the Iraqi investment law, which provides good collateral for foreign investors.
She said that "Australia has a great ability to invest in various fields, but will focus in the first phase of investment in the agricultural sector, specifically in the province of Wasit and Dhi Qar, Diwaniyah through the implementation of projects for the reclamation of the soil."
The that "the initial estimates in the first phase of the volume of agricultural investment is estimated at $ 2.5 billion, and will share front-of which the province of Wasit, which owns agricultural areas and extensive."
and stated that she has a field tour with the local government in Wasit province, one of the most important agricultural projects to maintain a project Dujailah agricultural (40 km southeast of Kut), which contains a large amount of land that can be rid of salinity to be the territory of the producer of cereals, particularly wheat.
The Minister of Planning Ali Yousef Shukri had discussed on 19 December last year in his office at the headquarters of the ministry with the Australian ambassador in Iraq to Lyndall Sachs, a number of economic and development issues and ways of activating the relations between the two countries, pointing out the great potential possessed by Australians in the areas of agricultural and industrial. and then called thank the Australian side to enter as an investor active in the agricultural sector, especially since Australia has a high potential in this area .
The province of Wasit is one of the provinces distinctive production of various agricultural crops, especially wheat and barley as it has vast tracts of arable land with the presence of the Tigris River that runs through the province from north to south, and officials expect the province to achieve this year, more than half a million tons of wheat and barley.
In the meantime, warned an economist Ismail Radi, a possible deterioration of the Iraqi economy as a result of the continued reluctance of the investment process in the country, calling for the need to accelerate the activation of local industries to save the national economy from deteriorating.
Radi said (of the Agency news) The government can not to remain silent in front of the problems facing the Iraqi economy, but should move to save it from deterioration which may occur as a result, it is through the activation of important economic sectors, especially "industrial" by activating the local industries that bring money difficult in the country.
and proposed economic expert mode an accurate plan for the advancement of scientific and industrial laboratories by the federal government through the provision of financial support and grant of advances and loans mechanisms and procedures of the benefits of easy and affordable for her return to work as before, the fact that the industrial sector is the President of the nerve recovery in the national economy.
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