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Showing results for tags 'implementation of the port of faw'.
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Dry channel management 05/3/2018 12:00 am Mohammed Sharif Abu Maysam talk about the draft of the dry canal dates back to before 2003, considering that Iraq enjoys a strategic location to meet three continents and can reduce the shipping links through roads and railways to reduce the cost of shipping to international trade and reduce the time for commodity flows between North, South, East and West of the world. The issue of the construction of the dry canal was raised in 2004 after it was announced at the time by the Minister of Transport, Salam al-Maliki, the intention to embark on the construction of the port of Faw during the four years from that date, but the files of the projects remained moving between the relevant bodies without being placed It has the necessary allocations in the budget laws during the past years. Despite what was said in 2014 on the agreement of the Ministry of Construction and Housing with the World Bank to finance the dry canal project to link Iraq with neighboring countries, this project has remained stalled despite its importance in addressing many of the economic problems through the achievement of financial revenues estimated at hundreds of millions of dollars annually The growing dependence of the Iraqi economy on the oil sector and the limited other sources of funding for the budget, in line with the desire of the national effort to attract investments in other sectors and provide more jobs in the labor market, which suffers from imbalances resulting from the doubling of the labor force The scarcity of operational opportunities. Today, after announcing the intention to embark on the implementation of the port of Faw by investing exclusively, the calls for the conversion of the dry canal investment project are also increasing through the provision of investment opportunities for foreign companies, which must take into account the nature of sectoral investment. In other words, the foreign investment in the real sectors of employment, financial returns and support for macro-economic movement may not be provided in other sectors that may be carried out by some or some of the local government or private sector circles over what foreign investment will control In absolute capital and management, which makes the possibility of achieving economic feasibility of foreign investment in such projects is much lower than what can be achieved by domestic investment in the event of abandonment of the government sector to manage this file for the benefit of the private sector. We refer specifically to the rates of proceeds of the flow of goods in comparison to other countries in the case of Iraq, as well as the monopoly of the management authority in favor of investment capital that may deprive the national decision to free maneuver in economic crises. Here is an example in this regard when the foreign capital withdrew from the yard Investment within the countries of the so-called Seven Tigers in the mid-nineties of the last century and the consequent withdrawal from the collapse of the economies of these countries following the political positions of the group (ASEAN) paid for the structure of the economy.
