Saleh: Agreements with the Saudi side will raise the rate of economic growth
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Saleh: Agreements with the Saudi side will raise the rate of economic growth
Admin Sun Apr 07, 2019 10:49 am
Economy News Baghdad
Confirmed the financial advisor to the Prime Minister, the appearance of Mohammed Saleh, the agreements and memorandums of understanding signed by Iraq with Saudi Arabia will drive the economy and raise stalled at 7% economic growth.
It was a large Saudi delegation composed of more than 100 personal, including nine ministers headed by the Minister of Trade and Investment Majid bronchopulmonary arrived on Wednesday to Baghdad to resume the work of the second session for "the Saudi-Iraqi Coordination Council" and activating the Saudi role in investment and reconstruction and cooperation in various areas of the stage.
Saleh said in a press statement quoted by the newspaper "term", said that "there is a large Saudi desire to invest in Iraq at high levels and large offset by an Iraqi desire to establish parallel relations with all neighboring countries," is certain that "the Coordinating Council of the top between the two sides near the views and reach Advanced stages of implementation mechanism ".
He added that "the negotiations between the two sides allowed the first time Bank of the Iraqi Trade (TBI) to open a branch in the Saudi capital of Riyadh," adding that "this section will be important for the financing and financial transfer and all related trade and investment issues between Saudi Arabia and Iraq."
He pointed out that "Saudi Arabia has reached through its discussions with the Iraqi government to an agreement to invest more than (200) investment project in all Iraqi provinces," believing that "these investment projects need funds in the first stages only ranging from ten to fifteen billion dollars "He said.
He points out that "these investment opportunities include a variety of projects, agricultural, industrial and commercial, economic and infrastructure reconstruction and development of electric and gas system."
However, that "attempts between the two parties on linking Iraq with electricity clades Gulf to compensate for the shortfall in the field of electric power," stressing that "Saudi Arabia is based on the desire to restore economic relations with Iraq through the signing of agreements and understandings of the new organization of work".
Saleh believes that "the number of agreements that will be signed between Iraq and Saudi Arabia in the coming days may exceed twenty agreements and memorandums of understanding in various fields related to agriculture, industry, trade and pilgrimage and open the perpetrators of Arar and Gemayma," pointing out that "these agreements will move in certain percentages Iraqi economic growth stopped at 7 % ".
He continued that "the investment process will address the issue of unemployment by relying on the hands of Iraq in the operation of various investment projects."
http://economy-news.net/content.php?id=16133
Confirmed the financial advisor to the Prime Minister, the appearance of Mohammed Saleh, the agreements and memorandums of understanding signed by Iraq with Saudi Arabia will drive the economy and raise stalled at 7% economic growth.
It was a large Saudi delegation composed of more than 100 personal, including nine ministers headed by the Minister of Trade and Investment Majid bronchopulmonary arrived on Wednesday to Baghdad to resume the work of the second session for "the Saudi-Iraqi Coordination Council" and activating the Saudi role in investment and reconstruction and cooperation in various areas of the stage.
Saleh said in a press statement quoted by the newspaper "term", said that "there is a large Saudi desire to invest in Iraq at high levels and large offset by an Iraqi desire to establish parallel relations with all neighboring countries," is certain that "the Coordinating Council of the top between the two sides near the views and reach Advanced stages of implementation mechanism ".
He added that "the negotiations between the two sides allowed the first time Bank of the Iraqi Trade (TBI) to open a branch in the Saudi capital of Riyadh," adding that "this section will be important for the financing and financial transfer and all related trade and investment issues between Saudi Arabia and Iraq."
He pointed out that "Saudi Arabia has reached through its discussions with the Iraqi government to an agreement to invest more than (200) investment project in all Iraqi provinces," believing that "these investment projects need funds in the first stages only ranging from ten to fifteen billion dollars "He said.
He points out that "these investment opportunities include a variety of projects, agricultural, industrial and commercial, economic and infrastructure reconstruction and development of electric and gas system."
However, that "attempts between the two parties on linking Iraq with electricity clades Gulf to compensate for the shortfall in the field of electric power," stressing that "Saudi Arabia is based on the desire to restore economic relations with Iraq through the signing of agreements and understandings of the new organization of work".
Saleh believes that "the number of agreements that will be signed between Iraq and Saudi Arabia in the coming days may exceed twenty agreements and memorandums of understanding in various fields related to agriculture, industry, trade and pilgrimage and open the perpetrators of Arar and Gemayma," pointing out that "these agreements will move in certain percentages Iraqi economic growth stopped at 7 % ".
He continued that "the investment process will address the issue of unemployment by relying on the hands of Iraq in the operation of various investment projects."
http://economy-news.net/content.php?id=16133
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