Iraq: 357 Billion Dollars of Investment Spending in the Five-Year Plan
|November 24, 2013||Filled under Iraq Daily News|
Prime Investment Authority, the Iraqi Sami Raouf al-Araji, that the amounts allocated to the investment spending within the five-year development plan for the years 2013 – 2017, amounted to 357 billion dollars, will also see the 2014 allocation of up to $54 billion.
He stressed Iraqi Prime Minister Nuri al-Maliki in his speech during the Business Forum and the Iraqi investment – British held in Baghdad, the importance of holding this forum, which is an extension of the first who spoke to invest in London in 2009, which emerged from the establishment of the Business Council and the Iraqi investment – British after coming in for meetings and gatherings, whether inside or outside Iraq.
He expressed the desire of the Iraqi government to benefit from the expertise of British universities who attended the conference, businessmen and British companies through business and investment opportunities available in all sectors, across economic program – Amari – a development widely seen Iraq now.
And gave the British side health initiative was set up in an integrated health system that meets the evolving needs and responds according to the rules of scientific developments and programs in place in developed countries. Maliki stressed that the file construction, reconstruction and investment of the leading priorities after sustaining the response to terrorism, which represents the second page to disable life, adding that Iraq while urging pace to increase its revenues from oil and gas, it does not aspire to the economy to be one-sided, but rather seeks to exploit those proceeds in the development of other sectors to enjoy the economic diversity.
On the sidelines of the forum, has ruled out a representative of the Committee of Economy and Investment parliamentary Nora Albjara in an interview to life, growing the investment side of the country as a result of the continued volatility in the case of the investment environment.
She stressed that the available information indicates that most of the companies operating in the provinces facing many obstacles, most notably the local companies compete and try to squeeze it to force it to abandon its activities, stressing that the importance of starting the development of financial and banking sector, which is the gateway investment.
On the other hand, defended the Minister of Planning and Acting Minister of Finance Yusuf Ali Shukri for his investment environment, saying it was the best Arab and international levels, but represent a failure in the marketing of that environment. He pointed out in a press statement on the sidelines of the third Arab-African Summit, which was held in Kuwait, that Iraq focus of attention of the world, but lacks the marketing of such investment environment and business opportunities in the private sector in the form of true.
Araji and distributed the forum into three sessions, which included the first available investment opportunities in the energy sector, and the second for the education and health sectors, while the third dealt with the investment opportunities in the sectors of infrastructure and housing.
And accept Deputy Prime Minister for Economic Affairs Rose Nuri Shaways in a word, a number of economic developments that have been achieved in the Iraqi arena, including the withdrawal of Iraq from Chapter VII of the Charter of the United Nations, and the adoption of the development plan of the Iraqi Five-year 2013 – 2017 with the issuance of the law of economic reform and the opening of the exhibition Baghdad, the new edition of this year. He stressed the urgent need for the Iraqi economy to the diversity of sources of investment in it through the diversity of funding sources, most notably the local private sector.
He expressed optimism in the future in light of what a stock Iraq of mineral wealth is large possession of the third-largest reserves of oil in the world, as ranked tenth precautions installed natural gas, what it takes to be a strong contender at the regional level to the low cost of oil production and extraction compared to other countries.
The Deputy Ambassador of the United Kingdom in Iraq Mark Bryson that the United Kingdom set three priorities and trends to move in Iraq, the first to support Iraq’s efforts to find a positive relationship on the regional and international levels, and the second to promote stability and security, and the third to support the launch of the economic capacity of Iraq, which would contribute to the achievement of better vision for the future.
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