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Iraq strengthens its oil production to end the housing crisis and is looking to attract 15 million tourists


Sara Johnson
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Iraq strengthens its oil production to end the housing crisis and is looking to attract 15 million tourists

TUESDAY, 17 DECEMBER / 2 JANUARY 2012 18:14 HITS: 6

Twilight News / Iraq hopes to increase oil production from 3 million to 6 million barrels per day by 2014 in an effort to promote development projects and housing which contributes greatly to end the housing crisis, and also looks to attract 15 million tourists.

Because of the increasing growth in population of the country experiencing a crisis in housing and that was on the list of demands, which came out with local residents during demonstrations in several cities last year.

The head of the Investment Authority, Sami al-Araji, on the sidelines of the visit by Iraq to Kuwait, "allocated $ 100 billion for construction and development work."

And recovering the oil sector in Iraq slowly after years of international isolation, sanctions and violence, and al-Araji, said that his country hopes to increase oil production from 3 to 6 million barrels per day by 2014.

Analysts say the increase in oil production will contribute to reviving the economy through imports at a time when Iraq depends on oil by more than 95 percent.

Araji said that "there are a number of important investment opportunities available to investors in the fields of oil, gas, electricity, agriculture, housing, health, transport and tourism."

He pointed out that "the State is seeking to build 3 million housing units over the next ten years, as well as attract 15 million tourists in 2019, and the allocation of $ 40 billion to build 34 hospitals and 1,200 health center, in addition to the development of universities and colleges," pointing out that "has been signed 30 agreement with many Western countries to build 6 investment zones. "

He called on al-Araji, "Kuwaiti businessmen to contribute to those opportunities," which he described as "good and remunerative, which ranges between 15% and 20%."

The Iraqi delegation headed by Sami al-Araji, the State of Kuwait to visit the most important projects aimed at the definition posed by Iraq before the foreign investor, to contribute to the transformation of the Iraqi economy from a centralized to a market economy, in addition to presenting the most important changes witnessed by the law of investment.

http://www.shafaaq.c...7-15-24-05.html

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Iraq strengthens its oil production to end the housing crisis and is looking to attract 15 million tourists

TUESDAY, 17 DECEMBER / 2 JANUARY 2012 18:14 HITS: 6

Twilight News / Iraq hopes to increase oil production from 3 million to 6 million barrels per day by 2014 in an effort to promote development projects and housing which contributes greatly to end the housing crisis, and also looks to attract 15 million tourists.

Because of the increasing growth in population of the country experiencing a crisis in housing and that was on the list of demands, which came out with local residents during demonstrations in several cities last year.

The head of the Investment Authority, Sami al-Araji, on the sidelines of the visit by Iraq to Kuwait, "allocated $ 100 billion for construction and development work."

And recovering the oil sector in Iraq slowly after years of international isolation, sanctions and violence, and al-Araji, said that his country hopes to increase oil production from 3 to 6 million barrels per day by 2014.

Analysts say the increase in oil production will contribute to reviving the economy through imports at a time when Iraq depends on oil by more than 95 percent.

Araji said that "there are a number of important investment opportunities available to investors in the fields of oil, gas, electricity, agriculture, housing, health, transport and tourism."

He pointed out that "the State is seeking to build 3 million housing units over the next ten years, as well as attract 15 million tourists in 2019, and the allocation of $ 40 billion to build 34 hospitals and 1,200 health center, in addition to the development of universities and colleges," pointing out that "has been signed 30 agreement with many Western countries to build 6 investment zones. "

He called on al-Araji, "Kuwaiti businessmen to contribute to those opportunities," which he described as "good and remunerative, which ranges between 15% and 20%."

The Iraqi delegation headed by Sami al-Araji, the State of Kuwait to visit the most important projects aimed at the definition posed by Iraq before the foreign investor, to contribute to the transformation of the Iraqi economy from a centralized to a market economy, in addition to presenting the most important changes witnessed by the law of investment.

http://www.shafaaq.c...7-15-24-05.html

They hope to attract attract 15 million tourists by 2019. I hope its a lot safer by then.

I dont know if I would like to vacation there any time soon though... :lol::lol::lol:

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