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Member of the parliament economy: 3 categories linked to political forces impede the provision of a safe environment for investors DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Member of the parliament economy: 3 categories linked to political forces impede the provision of a safe environment for investors Empty Member of the parliament economy: 3 categories linked to political forces impede the provision of a safe environment for investors

Post by claud39 on Sat Sep 07, 2019 4:46 pm

Member of the parliament economy: 3 categories linked to political forces impede the provision of a safe environment for investors


2019/09/07


Member of the parliament economy: 3 categories linked to political forces impede the provision of a safe environment for investors 96530




Baghdad today _ 

special Member of the Parliamentary Committee for Economy and Investment, Salem Tufayli, Saturday (September 7, 2019), that can not provide a safe environment for investors in Iraq, .because of the corruption of some political forces


Tufayli said in an interview singled out (Baghdad today), "The provision of a safe environment for investment companies is a difficult challenge in the presence of lawful ".corruption of three categories linked to political forces are the blocs, parties and people

 He added that "we must follow real practical steps to curb corruption, whether through the ".law or purify the administrative apparatus in the state of spoilers

 He explained that "the capital and investors are very afraid for their money and therefore look for security and legal stability in order to start their business that benefit the country in the first degree," stressing that "the Supreme Council against Corruption falls on a lot of . ".investigations and audits to detect corruption and end that scourge 

The Iraqi Undersecretary of the Ministry of Oil Hamid Zobaie, revealed on Wednesday 28 August 2019 to put investments in oil and gas fields to Saudi investors, mostly in the cities of .the south 

Al-Zobaie said in a press statement that "a number of investors expressed their willingness to invest after offering investments in the field of oil and gas to Saudi companies, and discussions are ongoing with the concerned authorities to clarify investment opportunities," noting "as investors are always looking for specific opportunities or privileges to bring The market, especially after the announcement of the Saudi Export Bank to grant investors " .financing for the field of exports and this is attractive to investors

 He assured "Saudi investors who intend to enter the Iraqi markets in the field of gas, that the security situation and the security environment is very good, as he described," noting that "."there is security coordination with the security forces in order to secure gas fields


 .Market coverage 

Al-Zobaie said during a meeting organized by the Saudi Export Development Authority (Saudi Exports) Saudi-Iraqi trade mission, with the participation of 35 Saudi facilities from the oil and gas sector, that "there are many industries needed by the Iraqi market and this will pave the way for investors to establish factories for the production of these industries will be It has a ready market in Iraq instead of looking for a new market, "pointing out that" the consumption of the Iraqi market of plastic and industries is estimated billions of dollars annually, and these investments will cover a specific proportion of the needs of the Iraqi " .market 

Develop relationships 

Al-Zobaie said that "the Saudi-Iraqi Coordination Council has taken important steps in developing relations between the two countries, including in the field of investments in the field of oil and gas, especially Saudi Arabia and Iraq, one of the largest oil exporters in OPEC," pointing out that "work is underway to invest in the development of gas fields And exploration of gas patches in western Iraq and in the field of petrochemicals through the .«project «Nibras Petrochemicals

 SABIC Partnership 

The Undersecretary of the Iraqi Ministry of Oil explained that the volume of investment in the project «Nibras Petrochemicals» in Iraq "amounts to between 6 to 8 billion dollars," pointing out in the same context that "« SABIC »interested in investing in this area after the visit of the Vice President« "SABIC recently to Iraq, wishing to enter« SABIC »as a partner in this project with the Iraqi government, as well as« Shell »Petrochemicals, expecting to provide .thousands of job opportunities for Iraqis 

He pointed out that "there are discussions with« SABIC »and» Aramco »in the development of gas exploration fields, including the field« crutch »in western Iraq, which reserves of 300 million standard cubic feet per day, and there are fields under exploration and investment will be available on the basis of partnership or investment Full, "indicating that" the size of the Iraqi reserves of gas is 132 trillion cubic feet per day, of which 30% is offered for investment.


Saudi investments in Iraq 

For his part, said the head of the Committee of Industry and Energy in the Eastern Chamber, Ibrahim Al-Sheikh in a press statement, "a number of Saudi investors announced their desire to invest in Iraq in the areas of energy, electricity and water, which are long-term investments," stressing that "Studies and explorations are still going on and successive and ".successive visits between Iraq and Saudi Arabia and work on these investments will be soon 

He added that "the Kingdom's leadership directed businessmen and investors to support Iraq through economic partnerships to contribute to its construction and development and this in ".the interest of the entire Arab world," stressing that "security risks will be overcome 




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claud39
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