Demands to employ the presence of international companies to serve the economy

04/8/2018 12:00 am

On the eve of the International Summit on Investment and Reconstruction in Iraq
Baghdad / Al-Sabah
Efforts are underway to strengthen local economic capacities in cooperation with the international effort through direct communication. The International Summit for Investment, Reconstruction and Economic Development of Iraq, which will be held in December, will be held in cooperation between the Free Zone Reconstruction Fund and the British Frontier Exchange Company. And the need to invest it in the best manner.
"The mission of the Fund does not stop at the completion of the project, but extends to the humanitarian, social and developmental dimensions of these projects by building a strategy of communication with various stakeholders and direct beneficiaries in areas affected by terrorism," he said. This is to "map the beneficiaries in the liberated areas, effectively manage their expectations and strengthen the community structure, by setting up various activities in the targeted areas, which is within its scope, while at the same time promoting self-censorship and Community-based services and projects provided by the Reconstruction Fund. "
"Our goal is to rebuild and rehabilitate the areas affected by terrorist operations and operations, to remove their effects in order to achieve development goals, to address damage to infrastructure and to achieve the goals set," he said.


Support and assistance
"We will work during the remaining months of the conference to invite Iraqi ministries and institutions to provide support and help in the success of this event, which will be comprehensive in its subjects, as well as the diplomatic missions in Iraq. In cooperation with the Reconstruction Fund, we will also promote organizations and companies," said Ahmed Al Jader, Global ".
"The conference will discuss several issues, including the future of Iraq and the opportunities available, an overview of reconstruction, the investment scene and a vision of the future of the country, investment opportunities and assistance, the role of international development and multinational companies and the role of the international community in supporting the reconstruction of Iraq, For reconstruction by supporting the return of IDPs in the country to strengthen the broader economy, as well as reconstruction and employment promotion, and the role of non-governmental organizations in promoting Iraq's recovery. "
He pointed out that the conference also addresses the Iraqi banking sector, opportunities to finance large projects through investment banking, and the development of banks to promote partnership between the public and private sectors with large-scale investments, and encourage non-oil projects and investment to support and diversify the economy, as well as alternative industries such as investment in mining and minerals To meet local construction requirements, to renew the economy through technology, job creation and economic growth. "
"This forum provides a golden opportunity for Iraq in its public and private sectors to communicate with the international effort concerned, as this summit provides time and effort, shorten distances and know the wishes of international companies and achieve Bilateral understandings between the two parties benefit the national economy. "
"The volume of work in Iraq is large and needs an effective financial sector and 50 percent of the time is devoted to the banking sector, which reflects the interest of the world in local banking services and monitors the development of the financial sector. Is well aware of this, and is working on the development of financial products, especially the Islamic banks, which took rapid deployment in the country. "


Advanced technology
"The existence of international companies in Iraq is a positive thing in all cases, and will come with its advanced technology in all sectors, especially in the banking sector, which is undergoing a process of continuous development."
He added that "the field of domestic payments is constantly evolving, and it offers various products and the presence of competent companies is important. It can be described as the free opportunity for local companies to see the developments in the world in this field and the possibility of preliminary understandings that benefit the national economy through the transfer of advanced technology."


Specialized committees
"The time that separates us from the organization of the conference is appropriate to develop the necessary plans to employ it in a direction that achieves the highest level of benefit for all sectors. It can form specialized committees that work on developing paths that define the movements and objectives that must be drawn," he said.
He pointed out that "Iraq needs a lot of projects and requires a large regional and international effort and rapid to achieve through the provision of a real investment climate that encourages work and promotes all its components."


Corporate presence
"Economic development can not be achieved without the developed international effort, the owner of advanced capital and technology, which requires us to work to invest the presence of international companies in Baghdad in a way that achieves the highest degree of feasibility for the country."
He pointed out that "the experience of the Ministry of Industry and the local private sector, which resulted in a partnership with major international companies represented by Basuzu and Volvo International and the development of assembly lines inside Iraq, is a positive experience in need of expansion in other sectors, especially as it paves the way for the manufacture of parts of these vehicles inside Iraq It's very important. "


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