Get out of the economic crisis lies in the agricultural and industrial investment

11/10/2016 0:00

Erbil / Iyad Broira- follow - Mustafa al-Hashemi
Examine the commercial and industrial chambers Union in Kurdistan role of the private sector in achieving economic development through partnership between the public and private sectors in order to address the shortage of project finance official in the presence of representatives of the House of Representatives and the Association of Iraqi banks Acialh.rias ministers of the Kurdistan region Nechirvan Barzani stressed the importance of the private sector in the life economic it eases the burden on the government, therefore, it is to provide all facilities to the Iraqi and foreign investor, pointing to the expansion of support to the private sector in order to achieve economic viability.

669 project and Acharalbarzana in his speech on the sidelines of the Third Conference of the Federation of Chambers of Commerce that the value of investments in the Kurdistan touched $ 37 billion were carried out during which 669 projects in various sectors, calling for a trend to expand investments in the agro-industrial sectors as well as tourism.

And saw the labor market in Kurdistan, an imbalance in the completion of many projects due to the financial crunch faced by Iraq because of financial distress.

Barzani said he could be to the private sector in the region play an important role in the development of economy and sustainable development, pointing out that the private sector works to provide jobs for thousands of citizens and improve the lives of their families despite the war against Daesh terror and the presence of thousands of displaced people in the province, the large decrease in on oil prices.

He pointed out that the unemployment rate saw a significant drop from 10.4 percent to 5.2 percent, and the revenue from the housing, tourism and industry sectors accounted for $ 47 billion ».

Attractive environment

But Zalmay Khalilzad, former US ambassador to Iraq, said «morning»: The continuation of work and address the economic problems to achieve success for all «the government and the private sector,» stressing the need to work to create an attractive environment for investment and is interested in the private sector.

He noted that the task of the Kurdistan region, where the experience of the private sector, given the importance of good, pointing out that it is not difficult to encourage foreign and domestic investment.

He attended the conference, which concluded its work yesterday by representatives of the government and the private sector are interested in economic affairs and the reconstruction of all the commercial, banking and industrial joints and agriculture.

While said member of parliament Mehdi al-Hafez and there is a strategy involved in the development of the private sector has prepared undb »» UN organization for development cooperation and it's applied gradually, pointing to the inability of the private sector is rapidly developing to the lack of designated vehicles, noting that the private sector now works contractor of the state this is a challenge big.

He said that the presence of an active private sector that requires the formation of a Higher Council for the private sector financed its business is managed in a transparent manner to be able to achieve sustainable development. And the economic role of Iraq, Honorary President of the Arab Chamber of Commerce Adnan Kassar: that of Iraq, said an influential role in the regional economy and the dire need to create mechanisms to help attract more investment, noting that the success of the experience of the branches of Arab banks in Iraq was not a coincidence, but the presence of economy solid, stressing that the Kurdistan region has achieved accepted by investing experience.

Money deposited

President of the Iraqi private banks association Wadih Handal noted that the banking sector, the basis for the process of economic development, and that the next stage requires work to restore confidence between banks and customers to maximize deposits she has.

And the importance of restoring civil money deposited in banks in the Kurdistan region to customers in a move to build bridges of trust and activation of the new banking group and support aspects Investment. He noted that the partnership between the public and private sectors, aims to address the lack of funding and that the private sector be more effective and its feasibility economic.