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The National Investment Authority launches the (Invest in Youth) initiative Time: 09/18/2021 16:36:25 Reading: 1,144 times {Economist: Al Furat News} The National Investment Authority launched, on Saturday, an initiative to support Iraqi youth under the slogan (Invest in Youth) under the auspices of Prime Minister Mustafa Al-Kazemi. According to the commission’s statement, {Al-Furat News} received a copy of it that “the initiative came with the aim of putting forward a number of innovative investment projects by a number of young people to a specialized committee of professors.” In the ministries and institutions concerned, and in the presence of a number of ministers and officials from the public and private sectors, with the aim of obtaining financial support for the implementation of these projects. In her speech, the head of the commission, Suha Daoud Najjar, confirmed that "this initiative comes within the framework of supporting young people to enter the investment process currently existing in Iraq with new developmental ideas in various economic sectors," noting that " Najjar indicated, "The desire to convert these proposed ideas into important investment projects that support the Iraqi economy and provide job opportunities to eliminate part of unemployment in Iraq," stressing "the organization's determination to support young people and communicate their ideas to supporters from the private sector to establish these projects on the ground and pump blood." A new investment process in Iraq that complements the successes achieved by major investors and is a real extension of them. For his part, Minister of Finance, Ali Allawi, said in his speech that "there are intellectual potentials among young people, which the ministry seeks to support by establishing a fund for which 30 billion dinars has been allocated. The ministry will also launch new initiatives to support youth companies, especially in the digital sector that led by the youth,” he called on the competent international institutions to “contribute to expanding the fund’s amount to reach 50 billion during the next two years, under the supervision and participation of a number of ministries.” The young participants in this initiative presented their project ideas to the public and private sectors, which included eight projects with innovative ideas that included various economic sectors (industrial, technical, health, commercial and educational), seven of which received support from investment companies and banks affiliated with the private sector. It was agreed to hold direct meetings between young investors and those who support their projects to put the final steps to implement them on the ground. According to the statement Wafaa Al-Fatlawy