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Shaways: Iraqi market is promising and we welcome companies and British investors

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Shaways: Iraqi market is promising and we welcome companies and British investors
Sunday, September 30 / September 2012 16:17





{Baghdad: Euphrates News} Deputy Prime Minister for Economic Affairs Rose Nuri al-Shawish that the Iraqi market is promising and the significant investment opportunities ", stressing that" Iraq welcomes British companies and investors to enter the Iraqi market and investment in various fields. "

He said during a speech today at the opening of the investment conference hosted by the National Investment Commission in cooperation with the Iraqi Business Council British in Baghdad and published his office received and Euphrates News Agency {} a copy of "addressing the issue of underdevelopment of the Iraqi economy, an economy unilateral nature yield as everyone knows, lies mainly in diversifying its sources, and better use of its resources, and its investment style sound scientific, and employ a rational, just and true, to be a source of progress and welfare, drawing on the experiences of other countries have preceded us on this path, the path of economic development and human development.


He Shaways that "the Government of Iraq aims to take advantage of all kinds of property {private, public and mixed, domestic and foreign} and put it in the framework provides a true partnership between these sectors, giving attention Mtmizellqtaa Special Astneadh to take a pivotal role in the development process desired."


"We strive to provide all the support required to make the local private sector vital sector dynamically able to compete, which requires him to use the best means of production, and adherence to quality standards and high environmental protection, and the adoption of modern technology, and this does not only come in partnership with companies advanced countries advanced. "

He Shaways that "our country desperately needs to rebuild the foundations and core infrastructure necessary for the reconstruction and development of the national economy electricity {that do not grow or reconstruction without} and the energy sector in general, means of communication and transport, production services, and housing projects necessary to ensure the move of the economic cycle in its various aspects , and lay the right foundation to address the problem of unemployment, but the preparation and training of professional hands and skilled workforce. "


He added, "It also requires closer economic, commercial and financial, with regional neighboring countries and the world, on the basis of common interests and mutual benefits and mutual respect."

And between Shaways "to Novi citizens of our country something than they deserve, and they deserve better, especially we who ارتضينا addressing positions of responsibility in the new Iraq and the leadership of his career rising toward tomorrow we want to be a promising and bright, tomorrow democracy, pluralism and economic and social development and investment, in a state constitutional institutions federal modern allow the private sector to play a pivotal role in the development of the Iraqi economy. "


"And in order to achieve that Iraq and sought the help of development partners from friendly countries, including the United Kingdom and international organizations, in the forefront of the United Nations and the World Bank, to create the appropriate environment for the market economy, and to attract foreign investment."


However, "this requires a great effort to introduce laws and concepts Iraq was away from her, because governments rely former dictatorship on central planning and follow an economic policy distorted, led to the militarization of the economy and subjected to the war effort in senseless wars that stretched our country and drained its human and economic development in time of the former regime" .


And "there is still a lot of reforms and laws that require inserted away from statehood in all activities, and what we still need to help friends and their advice and experience and also that the private sector not only by taking the main role in the production of goods and services, but also to be a competitor of goods and imported goods especially from neighboring countries, "he said, adding that" the Iraqi market and promising wide and varied and are hungry to invest in a large number of economic activities, production and service. "ended





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