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 36 Trilon dinars the size of the losses suffered by Nineveh province

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PostSubject: 36 Trilon dinars the size of the losses suffered by Nineveh province   Wed Aug 15, 2018 11:22 pm

36 Trilon dinars the size of the losses suffered by Nineveh province



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08/15/2018

Economy News Baghdad

The Minister of Construction, Housing, Municipalities and Public Works, Nafie Osei, said Wednesday that the size of the losses in Ninewa province is estimated at 36 trillion Iraqi dinars.

"Initial estimates indicate losses exceeding 36 trillion Iraqi dinars, in addition to losses of public property and private sector," Osi said during a conference on "Investing in Building Our Cities" held at the headquarters of the Ministry of Housing and Housing.

"The ministry has worked in the framework of its development plans to adopt the principle of investment to achieve its goals of development, the ministry has completed many tasks, including opening roads and lifting the debris to facilitate the return of displaced, and focused on the rehabilitation of the old area of ​​strategic importance and preservation of archaeological value.

She pointed out that the organization "Dahesh" and after its control of the province of Nineveh caused "casualties and destroyed infrastructure," which requires us all to achieve partnership between the public and private sectors to rebuild what was destroyed.

Chairman of the Supreme Investment Authority, Sami Araji, pointed out that "the Kuwait Conference for the reconstruction of Iraq focused largely on the reconstruction of liberated areas, and the Investment Authority raised investment opportunities in those areas and provided the necessary facilities."

"We consider the importance of the reconstruction of Nineveh province as an example of the rest of liberated areas, and we will seek to benefit from the loans granted at the Kuwait Conference as well as the investment budget in Iraq, especially after the improvement of oil prices."

The head of the Supreme Investment Commission reviewed the large and important investment opportunities that started work. "Work started on the rehabilitation of the old Nineveh airport to facilitate the entry of investors. We started thinking about building a new airport," he said.

Araji said that the Authority "adopted the establishment of the Special Economic Zone, which will be a safe economic zone, and these areas will return to the Ministry of Industry and Minerals and the Supreme Investment Authority," noting that "the industrial areas provide many jobs and promote the economy of countries, All that Iraq needs to achieve economic renaissance. "

He stressed that the Authority "pays great attention to economic housing, as it works to build more than a thousand housing units at a minimum in the province of Nineveh, noting that" the 1030 (Iraq 2030) depends on support for medium and small enterprises and aims to reduce the dependence on oil from 90% To 50%. "

Wadih al-Hanal, President of the Association of Iraqi Private Banks, spoke on his behalf on behalf of Ashour International Bank Chief Executive Officer, Noor Al-Hanalal, on the "Al-Hanalal International Group." "It started with a simple start at the commercial level but over time it opened small projects And medium was the nucleus for the establishment of companies specializing in the areas of trade and real estate development.

He added that it "undertook to reconstruct Iraq and introduce modernity and development of its facilities through the investment of technical expertise that it possesses." He pointed out that Al-Hanal Group launched its first residential project, Madinaty in Kirkuk in mid-2016, consisting of 1,700 housing units between a horizontal and vertical building.

He pointed out that "the success achieved in the first project, encouraged us to start the project (Betty) housing in the city of Tikrit about a month ago, which consists of 1383 housing units."

He stressed the group's efforts to "discuss the investment opportunities available in the Nineveh province with the Ministry of Construction and Housing and the Ninewa Investment Commission through the signing of a memorandum of understanding."

http://economy-news.net/content.php?id=13281
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