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Investment Forum, starting in Iraq and the Kurdistan region in the presence of more than 300 personal economic


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Author: DL 
Editor: RS, SH four seventeen p.m. 03.30.2014 Number of readings: 140 

 

 

 

Press-range / Arbil

Announced the Federation of Chambers of Commerce and Industry of the Kurdistan region, on Sunday, starting business investment forum in Iraq and the region in the city of Arbil with the participation of 30 Arab and foreign countries and the presence of more than 300 economic figure, while stressing the organizers of the Forum it is held on the occasion of not taking place in Iraq since "more than forty years ".

The head of the Federation of Chambers of Commerce and Industry of the Kurdistan region of Dara Jalil Khayat said in an interview (range Press), "The forum was held to invest in Iraq and the Kurdistan region in Erbil came on the occasion of the regular meeting of 116 of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries to be held tomorrow in Erbil , "noting that" this meeting is the first in Iraq since more forty years. "

The tailor said that "a large number of companies and chambers of commerce and industry and businessmen from 35 Arab and foreign countries participate in the forum, adding" they are working on these companies and attract investment to the region of Kurdistan and Iraq. "

For his part, Secretary General of Iraqi Chambers of Commerce Abdul Hussein Rashid, in an interview with the (long-Presse), "The Federation of Iraqi Chambers of Commerce has consistently establish such forums and economic conferences inside Iraq and outside it, and today chose Union Kurdistan region for the establishment of this forum which brought together more than 300 personal economic Iraqi Arab and foreign countries. "

Rashid added, "The meeting of these figures confirmed that Iraq is still a market investment and promising, and that the stability of the security situation in the Kurdistan region is look at investors who were fearful of entering Iraq," explaining that "the Government of the Territory and provided a lot of supplies to the success of the Forum."

For his part, Deputy Chairman of the Chamber of traders and industry of Qatar Mohammed bin Ahmed Al Kuwari, in an interview with the (long-Presse) that "Iraq has tremendous wealth of oil and gas and the great investment opportunities, while the Kurdistan region is the region stems have a lot of opportunities in the field of infrastructure infrastructure, industries and services and all other areas. "

Al-Kuwari added, that "We in Qatar we were waiting for the opportunity to visit Kurdistan and Iraq, and that there are banks that support investment in the region intend presence in Kurdistan, including Qatar National Bank."

He said Al-Kuwari, said that "Qatari investors have entered Iraq and that there is another section is waiting for the opportunity to get to know investors and businessmen in Iraq and Kurdistan, Vkrdstan need to invest in all sectors, and this is an opportunity for the investor," adding that "the Kurdistan region is unstable security which provides an opportunity for many the presence of investors. "

The president of the competencies of Iraq, Ali al-Dabbagh said in an interview (range Press), "The Forum is a window for Iraq to view the contents of this country and a stock of opportunities very formidable in the future," adding that "the current political crisis in Iraq kill any investment opportunity of any investor, whether Iraqi or Arab or foreign. "

Dabbagh said, "The Forum message to politicians that this country stores these opportunities, but the political dispute between you kill the country and every field has to offer, and that Iraq, despite all the potential, but he lacks the investment."

For his part, President of the Tourism Authority of Kurdistan Maulvi Jabbar, in an interview with the (long-Presse), that "the Commission has offered and development of the tourism region, and the growth rate that exceeds 25% in each year, and hoped to become the region by 2025 global tourist territory, "noting that" the number of tourists who came to the Kurdistan region last year reached 3 million tourists. "

Jabbar added, "The number of hotels in the region reached 550 hotels, and the proportion of investments in tourism last year amounted to 3 billion and 400 000 dollars," adding that "tourism investment constituted 19% of the reality of investment in Kurdistan."

The General Counsel of the Bank of Kurdistan International Soabh Mahmoud Zangana in an interview (range Press), said, "This type of forum is the best way to gather investors and the formation of the partnership between the Iraqi investors and foreign investors, a chance to know the foreign investment that there is a safe area in Iraq, a Kurdistan region, which includes a lot of investment, and be a major bridge in Baghdad and other parts of Iraq, "

Zangana added that "banking is considered the backbone of the success of the investment Iraq, indicating that Iraq lacks the banking services."

The Investment Authority in the province of Kurdistan announced, in (October 30, 2013), that the volume of investment in the region amounted to more than 31 billion dollars, and asserted that the number of investment projects reached 607 projects, while noting that the ratio of investment in the sectors of housing, industry and tourism amounted to 81%, "Ofattt that Turkey and the United Arab Emirates in the forefront of countries invested in the region.

The 625 international companies belong to the 27-nation began, in the (October 29, 2013), introduced its various products within the gallery (Project) Iraq specialist matters of building and construction and energy in Erbil amid assertions on the importance of the Iraqi market and the need to open up to global industries in the next stage with a tribute to the facilities obtained by these companies currently in the Kurdistan region and the appropriate atmosphere in which to work.

The head of the Kurdistan Regional Government, Barzani stressed, in (October 28, 2013), that "the horrors and devastation" of the long region made him "well known" value of the reconstruction of the country, and while counting to establish a "larger" tower stand-alone in the world, evidence new to the importance of Kurdistan and will make Erbil "economic powerhouse", called on the youth the region to work in the private sector, and companies to give "priority and preference" for the citizens of the region to employment, and warned the perpetrators of the housing projects of the face "severe penalties" in the event of non-compliance with the specifications of quality to achieve profits "illegal", and revealed the decline in the level of poverty in the region to three and a half percent.

It is noteworthy that the cities of the Kurdistan region, attracts a lot of Arab businessmen and foreign investment companies, and it has seen an economic upswing and large over the years that followed the fall of the former Iraqi regimes.

 


 
 

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Iraq gets on behalf of the General Union of Chambers of Commerce, Industry and Agriculture for Arab first time its history

 

Author: BS, DL 
Editor: BK, BS 03.30.2014 eleven forty-three p.m. number of readings: 53 

 

 

Press-range / Arbil

Announced the Federation of Chambers of Commerce of Iraq, on Sunday, the victory of Iraq's Procuratorate presidency of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries for the first time in its history, noting that the current session of the Federation of the recommendations of the task went to activate investment in the country and the Kurdistan region.

The head of the Union, Jaafar al-Hamdani, in an interview to the (long-Presse), said that "Iraq and after that regained his political status in the world and the Arab world through the embrace of the Arab Summit Conference, returns today to embrace edition 116 for meetings of the Council of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries , "pointing out that" the meetings resulted in getting Iraq on behalf of the EU presidency for the first time since its inception in 1969. "

Hamdani added, that "the session went out important recommendations contribute to the entry of Arab and foreign investors the Iraqi market and to support the national economy."

For his part, President of the Chamber of Commerce, Industry and Agriculture of Mauritania, Mohamedou Ould Mohamed Mahmoud, who won under the chairmanship of the General Union of Chambers of Commerce, Industry and Agriculture in the Arab world, in an interview to the (long-Presse) that "the meeting went out the recommendations of the task to revive the economy of the Arab", saying that "it would be Axis president on his agenda during the current session. "

It is noteworthy that the regular meeting of the 116 of the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries, is the first to be held in Iraq for more than forty years, and was Irbil hosted on Saturday (the 29th of March 2014 Current), Investment Forum in Iraq and Kurdistan in the presence of more than 35 Arab or foreign, and more than 300 businessmen from around the world, to discuss ways to develop and invest in Iraq and to attract investors to the Kurdistan region.

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