A new strategy to revive the economy


$ 500 billion for the rehabilitation of built the country's infrastructure during the decade
of Baghdad - Al Sabah
government unveiled yesterday a new strategy to revive the Iraqi economy, while confirming the investment needed to 500 billion dollars over the next ten years to qualify built the country's infrastructure.
Deputy Prime Minister Ruz Nuri Shaways through conference on Iraq in the Indian capital New Delhi yesterday: "After the change that our country experienced in 2003 and subsequent new directions in economic, social, political and cultural, have been the trend towards a radical reconsideration of the economic policy followed in the country." He Shaways in a statement received "morning," a copy of it, that the most important trends the new strategy are:
"1 - Restructuring the Economy 2 - liberalization of the economy from the grip of the central state 3 - create a real partnership between the public and private 4 - reform state-owned companies 5 - to encourage local and foreign investment 6 - the trend towards the reform of financial and administrative destruction. 7 - integration into the global economy. "
It is said that the conference focused on investment opportunities and business in Iraq. In India also, the president of the national investment Sami al-Araji said, "Iraq needs to investments ranging from $ 500 to $ 700 billion over the next ten years to qualify built the country's infrastructure. "
in turn, said India's oil minister said his country seeks to import additional quantities up to 80 thousand barrels per day of Iraqi crude in 2012 to 2013, as part of efforts to third largest economy in Asia to procure alternative supplies in anticipation of the cessation of Iranian shipments. Q and the minister said. Jaipal Reddy after a meeting with Deputy Prime Minister in New Delhi yesterday: "Iraq is now the third largest supplier of oil to India, where it exported about 340 thousand barrels a day."