America calls on Iraq to "create real investment opportunities."



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Urged the US Department of Commerce on Wednesday, Iraq to create a "real opportunities" can be funded by investors, and change the existing formulas for decades and provide greater facilities for business, and while I went back to tourism investment is "best suited" to Basra, the southern provinces called for the establishment of projects suited to their needs and "non-clone" of those carried out with other governorates.

The adviser and the US Secretary of Commerce, Mays Alabbosi, at a press conference at the US Consulate building in Basra, I followed "Economy News" that "the US Department of Commerce held workshops with the Iraqi government and relevant ministries, such as planning, oil, electricity, construction and housing for the definition of funded projects in Iraq and development within the global investment in the current financial crisis faced by the country framework. "

She called Alabbosi, to "find real investment opportunities planned according to global standards to reassure foreign investors and provide an opportunity for funding," stressing the need "to do projects with a cost of less than $ 40 million in order to ensure easy financing and implementation."

She adviser and US Secretary of Commerce, that "Basra could see the implementation of tourist investment projects being the most appropriate at present, in light of falling oil prices and the need to rely on an economy based on the successful projects", usually the "southern provinces should see the establishment of projects suited to their needs and it is reproduced from those that implement other governorates. "

She urged Alabbosi, the concerned authorities to "change the conditions and legal and financial contracts for projects formats and provide facilities to attract investors."

The legal adviser of the US Department of Commerce, Mays Abbas Alabbosi, announced in (the twentieth of October 2015 the past), all seeking to activate twinning signed the Convention in 2012, between the cities of Houston and American Basra, to take advantage of the first experience in the oil industry development, especially that Basra can be a center of the oil industry in the Middle East.



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