Dinar Reporter (IQDUSD)

[stockings3333]

President of the Iraqi Investment: Opportunities giant to invest billions of dollars in Iraq
Published 16.5.2008, 11:20 Published 16.5.2008, 11:20


نيوزماتيك/ القاهرة Uzmatik / Cairo

. Head of the Iraqi body for investment, Dr. Ahmed Reza, the giant investment opportunities in Iraq, in different economic sectors ranging from investment in the rehabilitation and establishment of many new Iraqi port of Basra, the large port, the port of Umm Qasr, as well as the establishment of the new Baghdad International Airport, in addition To service projects, tourist, commercial and oil in a number of Iraqi governorates.

". He explained in an interview with Reza "Uzmatik" on the sidelines of the conference to invest in Iraq, which is currently held in Cairo, said "the draft port of Basra Kabir, includes building, 160, wharf by one Iraqi companies, with a capital estimated at 12 billion dollars, either at Baghdad International Airport, estimated to cost 17 billion dollars through a giant international companies. "

وأشار ". The head of the Iraqi investment, to "other projects are in the city commercial center and businessmen, and hotels, primarily in Baghdad Hotel, Marriott Baghdad, which opened last week," adding that there was a project another $ 7 billion port of Umm Qasr, and projects amounting To 34 billion dollars Najaf governorate building tourism city, and 200 thousand housing units. "

". And investment opportunities in other governorates of Iraq, said Reza on "the existence of 650 million dollars for projects and Wasit governorate of Iraq, to build industrial city, and the city of Kut new addition to a large medical complex German forums, through the Tigris River, and housing complexes Karbala Governorate, and plans to manufacture cars in Sulaymaniyah , And a presentation by the company, Mercedes, to be considered for granting land to build the factory. "

". Chairman of the Investment Authority, Iraq, "the eyes of investors need to seize the opportunity to invest in Iraq during the current year 2008," pointing to "numerous facilities granted by the Iraqi body to invest now, with a capital estimated at 250 million dollars."

". He said that "free economy and private sector is what will lead Iraq's future," stressing that "the availability of all the rights of foreigners in Iraq, Iraqis and equality, through the ownership of land with a maximum of 50 years, tax exemption, according to investment law for ten years, subject Increased to 15 years, in addition to tax exemption for all private industrial investment requirements of spare parts. "

". On the security guarantees sought by Egyptian investors, he stressed that "Iraqi Defense Minister, stressed personal guarantees for each project in Iraq."

". He added that "foreign investors have all rights to attract skilled labour, for their projects in the event of non-availability of manpower in Iraq, with facilities belonging to their salaries, and transfer abroad without restrictions, like capital that can convert any currency deems investors inside and outside Iraq."

". He Reza on "Iraq's capacity to absorb investment inflows, both in the areas of employment, wealth and human Iraq," noting that "the economy is the locomotive driving the policy, unlike the past fifty years."

". The president of the Investment Authority, Iraq, investors and owners of capital at the end of his "Uzmatik", the influx into Iraq and investment in many sectors and areas of starting projects, infrastructure and petroleum industries, and chemical. "

. It is noteworthy that an Iraqi delegation considerably, 130 members, arrived in Egypt yesterday to participate in, the investment in Iraq, the delegation was led by Vice President of the Republic of Iraq Adel Abdul Mahdi, in addition to ministers of finance and industry, governors and heads of provincial councils in Iraq and the Finance and economy experts and Iraqi businessmen
http://66.102.9.104/translate_c?hl=e...omy/2056.shtml