Chinese companies seeking to invest in the industrial city in Dhi Qar

28/09/2016 18:44

Long-Presse / Dhi Qar

Dhi Qar announced management, on Wednesday, Chinese companies seeking to invest in the industrial city of the governorate (375 km south of Baghdad), revealing a recent visit to the Minister of Industry and Minerals and the Chinese delegation for the signing of the final agreement on the subject.

The governor of Dhi Qar, Yahia Nasseri, said in a statement received (range Press) copy of it, that "the administration of the province held talks with the Chinese Embassy recently on the announcement by the Chinese government during the visit of Prime Minister Haider al-Abadi, China, of its interest in a project the industrial city" , stressing that "to reach a tentative agreement on the entry of a group of companies to invest and work in the city of Dhi Qar, industrial, (30 km south of Nasiriyah city)."

He said the Nazarene, that "the previous talks conducted by the administration of the province with the Prime Minister and Minister of Industry Acting Mohammed Shia 'Al Sudani, to stimulate investment in the industrial city and address the current economic problems and support the province is blessed with the stability of security a good economy," stressing the need to "offset funding shortfalls faced by the country as a result of financial crisis caused by falling oil prices. "

He explained the governor, that "the administration of the province awaits a recent visit to the Iraqi Minister of Industry and Chinese ambassador in Baghdad, to the industrial city, accompanied by a number of Chinese companies wishing to invest for the purpose of completing the final agreement on the receipt of Chinese industrial enterprises of the city and work," expected to "contribute to the work of the Chinese companies in maintaining the development of the industrial sector and the recovery in the labor movement and production. "

He was the governor of Dhi Qar, called in (the 25th of January 2016), the Prime Minister, to take extraordinary measures to deal with red tape and obstacles that hinder the work of investors, while called for activating the new investment law and creating a modern banking system, confirmed the investment sector's ability to supporting the country's economy when the provision of appropriate business climate for investors.

Industrial city consists in Dhi Qar, which is being implemented on an area of ​​2,000 acres of the four zones, two for light industry and two medium-sized industries, has been processing necessary for setting up factories services have been allocated 62 billion dinars for the work of the first and second phases of the implementation phases.