Parliamentary investment: international companies will be transferred to the FAO economic city

Economy Since 03/09/2016 12:19 am (Baghdad time)

I am not familiar with the acronym FAO so I did a google search and this was the first thing listed. Food and Agriculture Organization of the United Nations - LOOP

Special - balances News
A commission of economy and investment representative, on Wednesday, for transforming the city into an economic FAO site in agreement with international companies, investment, stressing that the FAO be managed by the private sector away from the state.

The committee member said Harith al-Harthy's / balances News /, that "Iraq did not make the city of Faw city industrial Being located on the Gulf in addition to that it has international standing," calling to "Make FAO similar economically to the UAE and other neighboring countries."

He revealed, "the coming of the investment firms to make the city a great place FAO economist in the world in agreement with international companies and the private sector will, however, not to the state."

He pointed out that "there is a giant of major companies significant want to work in Iraq by payment on credit for the construction of infrastructure and extending modern production lines for the private sector and build what the country needs and mode of these companies that want to invest their money in Iraq in order to create industry, agriculture and national."

This was a member of the Committee of Economy and Investment parliamentary proof Mamouri revealed, earlier, from the negligence of the government to support public and private sector and national production, confirming that it was not promoted to the investment law, which helps in the promotion of economic reality in Iraq. "End quote

From: Nur al-Din Wahba