Expert: free oil exchanges areas will form a strong incentive to promote investment in the country

10:25, February 10, 2013


BAGHDAD (Iba) .. The oil expert Hamza Jeweler, that the establishment of a free trade zone in Khor Al-Zubair in Basra province to provide oil services will give a strong incentive to promote investment in the country through attracting international companies to contribute to the service of all economic sectors.

The jeweler told the independent press (Iba) .. "The establishment of free zones in Basra and Khor al-Zubair will activate the oil economy that this area overlooking the Arabian Gulf in addition to being a fertile area for investments oil and provide economic services and stimulate trade between the Gulf countries.

"The free zone Kkhor Zubair area will be to combine companies that provide services and oil companies that provide services and exploratory excavation companies services Alalojstah and companies to make chemicals."

He noted that "the free zones have great advantages for the economy, including attracting global investment firms and benefit from the financial and technological capabilities owned by large corporations."

He continued, "The Free Zone will facilitate Directed supplies of oil fields and serve the Iraqi economy is very large because it can be through the provision of high speed pipes or providing equipment or chemicals to provide all the requirements fields that are sometimes needed very quickly and shortly." (End)


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