Economists: investments did not support Iraqi economy and imports more than $ 274 bil
Economists: investments did not support Iraqi economy and imports more than $ 274 billion since 2012
(Voice of Iraq)-Baghdad business counting the volume of investment in Iraq "still very weak" and did not support the national economy or reduce import which exceeded the $ 274 billion since the year 2012 and even now, while uncovering the Economic Adviser to the Government on a plan to stimulate investment and return the Bill to Parliament, infrastructure investment authority confirmed the map represents "the basis" for investment in the country, the Iraq expert b "urgent need" of foreign investment to promote the reality.
Business: investment in Iraq is still weak, said a member of the Union of businessmen that investments in Iraq remains weak and did not contribute to supporting national production or reduce imports that exceeded the $ 274 billion since the 2012 date, returned the current opportunities in the extractive industries, agriculture and services.
Ussher said Abu loaf, told the (range), that "Iraq had imported through 2012 worth $ 55 billion, the amount had risen to 67 billion dollars in 2013 and 2014, to 72 billion", likely "exceed eighty billion dollars imports by 2015 present".
Abu promised that loaf "send a letter confirming the absence of high investment opportunities to reduce imports and increase domestic production", adding that "most of the imported goods is a consumer".
He said a member of the Federation of Iraqi businessmen "investment opportunities in Iraq now are the extractive industries, such as petrochemicals and gas, fertilizer and cement, as well as agro-industries and services", stating that "housing investment despite weak bat is needed, as a result of the security situation and financial and administrative corruption, directory access for many investors to leave the sector without direct implementation of the obstacles before them".
View Abu loaf, that "investment in Iraq is still weak in comparison to the size of the national economy", returned to "investment was strong support for the Iraqi economy, excluding oil sector, has not been implemented by the State investment budget of 45 billion dollars, five billion dollars only".
The Economist said that "the overall investment was limited to the tourism sector, particularly large commercial centres (malls), communications, which can measure from which the size of the economy".
The Government intends to restore the infrastructure Bill in Parliament but the Prime Minister's economic adviser, Haider Al-Abbadi, confirmed the existence of a plan to improve investment, revealing the intention of the Government to put forward a draft law to Parliament by infrastructure new hope legislation.
He said the appearance of Mohammed Saleh, told the (range), that "the Government had a plan to overcome the obstacles to investment projects, particularly those of the sectors of housing, tourism and services, through a proposal to reopen the infrastructure Bill the House of representatives dissolved for new legislation, as well as the development of mechanisms and programmes encouraging investment companies".
Saleh revealed on "the existence of countless projects for the Government to promote Iraq for stricken areas subjected to vandalism due to military operations".
Investment: we developed a map representing the basis for investment in the country, meanwhile said the national investment Commission, the Commission prepared a map of current investment in early 2015, returned as representing the base Foundation for investment in the country.
Abdullah said Bandar, told the (range bass), that "the Commission is keen to provide investment opportunities for investors in the diaspora Iraqis or foreigners to compete in various sectors of the economy and support reconstruction, contributing to the return of migrant capital", indicating that there is a "political efforts to support the workflow map to projects across the country on the basis of the plan established by early 2015, and follow the completion rates in walstratigih development projects, that will represent the baseline for investment".
Bandar said that "in the execution of any investment project should begin by gathering information from national investment Corporation and its subsidiaries for the knowledge needs of each province and the obstacles they may face for discussion with those bodies to overcome them".
Trade Baghdad: Iraq desperately needs foreign investment to promote the reality he member of the Baghdad Chamber of Commerce, that Iraq desperately needs foreign investment to promote the reality, the need to accelerate the activation of investment in the housing sector, and provide a new quality infrastructure, to achieve economic and social development.
Fuad said grace Husseini, speaking to the (term), "Iraq after 2003 to great Orgasms in most aspects of life and vital sectors, as well as the consequent substantial debts", returned to "Iraq desperately needs foreign investment to advance, with priority given to certain sectors such as housing, because a large underserved in that area with a population of nearly 32 million".
Husseini, called for "the speedy operationalization of housing investment to secure the need to almost three million housing units, by encouraging foreign investment and legislation to facilitate it".
And the opinion of the Member of the Baghdad Chamber of Commerce, said that "the agricultural sector suffered negligence due to the embargo and war, insecurity and instability now, what led to the decline of productivity per acre rates and the overall rate and dependence on import of external strategic crops, like wheat, barley, rice, and industrial crops, such as sugar cane and beet, cotton and sunflower seeds, as well as the import of various types of fruit and vegetable protein and dairy products by more than 80 percent", urging the need to "work vigorously for land reclamation and new irrigation projects to reduce drought and desertification".
Husseini said "implementation needs to provide huge investments worth about 91 billion dollars, of which 41 billion for agricultural projects, and 52 billion to the Ministry of water resources", adding that "the industrial sector is not much different from the housing and agriculture sectors, where significant degradation they suffer him".
Husseini, the "State industrial projects amounting to 192, employing some 500 thousand, experiencing technical backwardness, as well as destruction and looting suffered because of the chaos in the country, had a negative impact on their situation and had to support Government by 194 billion dollars and 100,000 dollars since 2005 until now".
Member of the Baghdad Chamber of Commerce promised that "the problem of power outages hamper production and employment, and increase the demand for petroleum products, caused severe bottlenecks occur as high inflation and a large deficit for citizens needs basis, therefore had targeted this sector adding new generation capacity by around 1,000 megawatts for the years 2007-2014 at a cost of about $ 12 billion", adding that "the investment required to improve the power sector is estimated at around 23 billion dollars and three million dollars until 2015 to reach the capacity of generating at least 21 thousand megawatts ".