Iraqi provinces offer promising investment opportunities


13/2/2018 12:00 am

KUWAIT /
After the morning,  representatives of the Iraqi provinces present all participants in the Kuwait International Conference for the Reconstruction of Iraq; promising investment opportunities in various fields, and the conservatives who have come to Kuwait hope to attract billions of dollars in investments to their governorates. Prosperity and prosperity, “morning” met conservatives were these statements.
“We have an agenda consisting of all the files in all sectors, from electricity to agriculture, water, sports and so on,” said Salahuddin Ahmed al-Jubouri, governor of Salahuddin province. “We do not want the conference to raise cash for our projects, but to bring international companies backed by their countries and institutions to work. In Iraq, “calling for” the creation of laws that protect the capital to invest in Iraq. ”
Karbala governor Aqil al-Turaihi said that the Karbala program includes a range of investment opportunities for international companies in the field of hotel, steel, textile, oil, dairy and foodstuffs industries, noting that “small investments are carried out by local investors.”
“The city of Babylon is a tourist tourist city and we have great investment opportunities and we have large areas on the shores of Hilla beach,” said Babil Sadiq, the governor of Babel. “There will be agricultural, industrial and other investments in the free zone, “We have tried early to get investors but the security situation prevented their arrival, and this conference will achieve their arrival,” he said.
On the other hand, the governor of Muthanna Faleh Zeidi told the Iraqi News Agency (conscious) that “Muthanna fertile investment land for promising projects in the fields of agriculture, industry, housing, oil and tourism, as well as the security stability enjoyed by it was an encouraging factor for foreign companies to work in the province,” noting that “The province will be presented during the Kuwait Conference a project to establish an oil refinery capacity of 70 thousand barrels per day, as well as the completion of other projects such as the bridge Sadr, a hospital capacity of 400 beds and water projects and the establishment of schools.

http://www.alsabaah.iq/ArticleShow.aspx?ID=152702

 

Iraq proposes comprehensive reconstruction plan for 10 years

 


13/2/2018 12:00 am

 KUWAIT / ABU DHABI –
The International Conference for the Reconstruction of Iraq, attended by dignitaries from more than 70 countries and nearly 1850 international companies, was launched in Kuwait on Monday. Iraq for ten years from 2018 to 2027, noting that the conditions are ready for completion with the need for Iraq to nearly $ 88 billion in the near and medium term for the reconstruction of the country, while the Secretary-General of the Council of Ministers Mahdi Al-Alaq, “This conference represents an expression of solidarity with Iraq is at the stage of education Avi of the war after the great destruction. ”

The first session of the meeting was attended by the Minister of Planning Salman Al-Jumaili, the Secretary General of the Council of Ministers Mahdi Al-Alak and the President of the Iraqi Reconstruction Fund Mustafa Al-Hiti. The Kuwaiti side is the Chairman of the Board of Directors of the Fund Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Al-Hamad Al-Sabah.
The Minister of Planning Salman Jumaili said during the first session of the conference that “the circumstances are ready to begin reconstruction operations within the framework of the plan set by the Iraqi government for this purpose, which lasted 10 years from 2018 to 2027,” pointing out that “the important aspect in achieving development is the presence of many Of the investment opportunities available in all fields, “calling on international companies to” take advantage of these Iraqi opportunities, “stressing” the commitment of the Iraqi government to ensure full transparency in the use of available resources through the construction of a national electronic digital platform includes the immediate announcement of resources from grants and grants, Various means of support “.
Al-Jumaili revealed that “the total damage caused to the seven provinces because of the terrorist acts, the provinces of Nineveh, Anbar, Salah al-Din, Baghdad, Babil and Diyala, Kirkuk, amounted to about 46 billion dollars, adding to the total damage in the security sector, which amounted to 14 billion dollars ”
The reconstruction and recovery needs were estimated at $ 88.2 billion, of which $ 22.9 billion is needed by Iraq in the short term and $ 65.4 billion over the medium term,” he said. A message of solidarity

For his part, said the Secretary-General of the Council of Ministers Mahdi Al-Alaq: “The Kuwait International Conference for the reconstruction of Iraq is based on three pillars of the basic is reconstruction and support the processes of stability and peaceful coexistence and encourage investment and access to investment opportunities available,” and added in his speech, “Iraq presented a strategic document Including a field study covering the damage caused by the war on terror and the real needs of post-war reconstruction. ”
Al-Aalak stressed that “this conference represents an expression of solidarity with Iraq in the stage of recovery from war after the great destruction,” explaining that “despite the resources Iraq has large, but the international support for Iraq is important for the reconstruction,” adding that “the government Iraq has taken a package of measures to create the appropriate ground for reconstruction and investment in Iraq through six axes is a secure and stable Iraq, upgrading the level of service and livelihood and the involvement of the private sector in the process of development and governance of financial sustainability and financial and administrative reform and regulation of federal and local relations.
In turn, the Governor of the Central Bank of Iraq Ali Alalak said in a statement to the “morning”: “There are central committees to implement the projects proposed to the conference under international supervision, and distributed projects between the participation of the World Bank and the United Nations, and companies invested absolute freedom to choose the supervisor,” noting that “There is a special plan for the management of such projects, and will not be managed in the previous traditional way.” He pointed to the importance of the program of the conference (Invest in Iraq), which will be held Tuesday with the participation and attendance of hundreds of international companies. He explained, “Iraq will present during the conference important investment projects, For investment companies in addition to infrastructure projects and services, “stressing that” there are countries ready to provide guarantees to lenders to Iraq for soft facilities and a few benefits. ” Basic principles

For his part, the head of the Fund for the reconstruction of areas affected by terrorist acts Mustafa al-Hiti: “The project of reconstruction of Iraq based on three principles is the humanitarian dimension and the economic dimension and reconstruction of infrastructure,” and Hitti that “138 thousand housing units affected by the war on terrorism “The vision of the fund lies in building confidence between the Iraqis and the state on the one hand, Iraq and the international community on the other hand, in addition to building the human and the walls and the maintenance of the economic wheel in the country,” he said. The affected cities m Terrorist operations. ” Planning Vision In the same context, Deputy Minister of Planning Maher Johan said:

“The government should reflect its view on a clear vision of the recovery of provinces affected by terrorist operations according to social and economic standards and work to develop this vision as a national task that reflects on all Iraqi communities,” Johann said during the experts’ meeting. Iraq is based on governance, real institutional building, transparency, accountability and decentralization in decision-making, building national reconciliation, restoring the social contract, social and human development, and economic development. “Also speaking at the first day sessions were Hussein Daoud and Qusay Abdul Fattah, Thread. Support and support , the Director General of the Kuwait Fund for Arab Economic Development Abdul Wahab Al-Badr, “Iraq suffered heavy losses as a result of the war on terrorism touched all sectors of life, which requires good planning for reconstruction.”

Al-Bader said in his speech during the meeting experts: “Iraq has been subjected to a fierce attack of terrorism led to the displacement of more than five million Iraqis outside their homes, causing heavy losses,” and stressed the full moon “the need to help Iraq and support its reconstruction to instill hope in the youth to not The children are in the grip of extremism and terrorism, “praising the” Iraqi vision, which is based on concerted efforts and the construction of the basic elements of recovery and economic growth supported by the efforts of international development and the private sector. ” Concluding statement In conclusion, the meeting stressed (high – level experts to the program of the Republic of Iraq for reconstruction and the role of financial institutions) on Monday, it aims to provide help Iraq to get out of the effects of what he suffered from terrorist operations.

The Director General of the Kuwait Fund for Arab Economic Development Abdul Wahab Al-Bader said in a speech at the closing session: “Iraq has presented his vision on his reform program and efforts to build a healthy society and economy and work to discard the division between the people of one people.” Al-Bader pointed out “the efforts of funding agencies And their participation in the reconstruction of Iraq and their aspirations to support the efforts of the Iraqi government in this regard in a way that allows the return of Iraq to the stage of stability and economic growth.
For his part, the Secretary-General of the Council of Ministers Mehdi Alalak in a closing speech: “The Iraqi side reviewed the extent of the destruction of the liberated areas and the difficulties facing the Iraqi government in the reconstruction,” adding that “the figures presented is based on a realistic study,” indicating “The amount of 88 billion dollars for the development of different sectors may be a large amount, but this amount is objectively linked to the real need in the reconstruction of different sectors.” Emaar comprehensive Minister of Construction and Housing Anne Nafie Osei, confirmed that the amounts awarded in Kuwait , the Conference will include all the provinces of Iraq, said Osei in a press statement that ” the priorities geared towards the reconstruction of the affected cities and also the rest of the other provinces that have faced difficulty during the storm of the economic crisis in the country,” she said That “the southern cities have been damaged by the government’s preoccupation with the war against the Dahesh.”

In response to a question if she expects to receive 100 billion from the Kuwait conference, she said: “Our projects will be presented at the conference, and we hope to receive an amount.” She explained that “there is a sincere intention to help Iraq to overcome the crisis, And housing, “under this circumstance, Iraq needs international support budget is not enough for the reconstruction of cities,” indicating that “damage to the infrastructure amounted to 3 trillion and 700 billion dinars, and damage in the housing sector amounted to 16 trillion and 500 billion.” Invest in Iraq – Tuesday 13 February

The Investment Authority in Iraq, which will be dedicated to the presentation of promising investment opportunities in Iraq to international companies, according to a document seen by the “morning”, the National Investment Commission will provide 157 investment opportunities in all governorates of Iraq in addition to 55 other opportunities in various fields will be presented to more than 1850 international companies and institutions participating in the conference, and the number of investment opportunities combined 212, the following program “Invest in Iraq” which will be held at the Crowne Plaza Hotel in Kuwait City:
• opening session (environment Favorable to mention The private sector in reconstruction) headed by Sami al-Araji, head of the National Investment Authority, and speaking by the Minister of Planning Salman Jumaili and the President of Kuwait Chamber of Commerce Ali Al-Ghanim.
• (Investment Environment in Iraq: Reform Program), which is addressed by the Director of the Legal Department of the Investment Authority, and Mohamed Abdelkader of the World Bank.
• (reconstruction of Iraq: a great opportunity for the private sector) Chairman of the National Investment Commission Sami Araji.
• Key Investment Opportunities in Iraq (IFC).
• The main investment sectors in Iraq are delegates from Iraq and international institutions.
• (Reconstruction Finance) The session is chaired by the Governor of the Central Bank Ali Alaq, and speakers from the International Monetary Fund and the Association of Iraqi Banks and the Committee on the Economy of Parliament.
• Forms of finance and guarantees (Ministry of Planning, Iraqi Bank for Trade, German Institutions, International Finance Corporation, General Electric Corporation and Daman International Agency)
• One window: support for investors in Iraq, headed by the head of the National Investment Authority, Sami al-Araji, and attended by Prime Minister Haider al-Abadi and US Secretary of State Rex Tillerson.

 

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@IraqiGovt

The is implementing reforms to create a business-friendly environment and to encourage foreign investment

 

Macgork go to Kuwait and announce the goals of his talks

 

McGowork heads to Kuwait and announces the objectives of his talks
 Twilight News    
 55 minutes ago

US President George W. Bush’s envoy to the international coalition against Britain’s Britannica called on British Prime Minister Tony Blair to visit Iraq to attend a donor conference on Iraq’s reconstruction.

“On the way to Kuwait to attend meetings with the International Coalition for a full-fledged defeat of the 74th member,” McGourke said in a tweet on Twitter.

“This will be the largest gathering so far as our coalition continues to grow, with an intense focus on stabilizing Iraq and Syria and combating global networks,” he said.

http://www.shafaaq.com/ar/Ar_NewsReader/87428387-52a8-41b3-80e0-ee24cfc4fe42

Tillerson arrives in Kuwait to participate in the reconstruction of Iraq

Tillerson arrives in Kuwait for Iraq reconstruction conference
 3 hours ago

US Secretary of State Rex Tillerson arrived in Kuwait on Monday as part of a Middle East tour.

Tillerson will attend the Kuwait Reconstruction Conference in Iraq and is expected to meet Kuwaiti, Iraqi, Arab and foreign officials during the conference.

Tillerson visited Cairo on Sunday and met senior officials there.

Tillerson’s tour of the Middle East also includes a visit to Lebanon and Jordan before concluding in NATO member Turkey.

Tillerson is discussing with Arab leaders several issues including counter-terrorism and the Middle East peace process.

 

Pentagon sets budget to support Iraqi forces

Pentagon sets budget to support Iraqi forces
 32 minutes ago

The US Defense Department on Monday demanded the allocation of 1.4 billion dollars to train the Iraqi security forces and the Syrian opposition.

The Pentagon called for the funds to be allocated to the 2019 budget.

US Defense Department officials said in a statement today that there were $ 15.3 billion to support US operations against a sympathetic organization in Iraq and Syria.

The previous figure includes $ 1.4 billion to fund the Syrian opposition and Iraqi security forces.

http://www.shafaaq.com/ar/Ar_NewsReader/9186ef27-926e-4b16-92c9-7685b43e2613

UN unveils two-year program to help rebuild Iraq

Economie Since 2018-02-12 at 11:09 (Baghdad time)

Baghdad – Mawazine News

The United Nations said Monday it had prepared a two-year program to help the Iraqi government rebuild reconstruction of the devastated areas.

“The Kuwait conference provides a key platform to reaffirm the importance of voluntary, safe and sustainable return of displaced Iraqis as well as to raise resources to support the government’s efforts to achieve this goal,” said UNHCR Representative Bruno Gedo in a statement received by Mawazine News. This in turn is an integral part of broader plans in the United Nations system to support the Iraqi authorities in rebuilding the country. ”

“The conflict has ended on a large scale, but the legacy of this conflict remains. Events that have been revealed during the years of extremist control have left a sudden imprint on the Iraqi scene and in the hearts of the Iraqi people. The effects of the past years are still present throughout the country. “He said.

“There are severely affected cities, scattered communities and a generation of children at risk of being lost, with about 2.6 million displaced Iraqis,” he said. “In order for Iraq to advance, people must be able to return home.”

“The return of 3.3 million displaced people to their homes despite the difficult circumstances,” the UN official said, noting that “return is not just a return to homes but a return to society.”

“To support Iraq in this transitional phase, the United Nations agencies have set up a two-year recovery and resilience program. To achieve this program, we must ensure that adequate resources are available to accomplish this task,” he said. “Kuwait is a unique opportunity for us to present our plans to donor countries. And to encourage the private sector to increase investment. ”

The Iraqi government announced that its plan for the Kuwait conference will be on three axes. “The first is to contribute to the rehabilitation of infrastructure throughout Iraq, restore stability to the affected areas and develop the service sector.”

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