Baghdad – where Deputy Prime Minister Dr. Roژz Nouri said the Iraqi government has succeeded in developing a policy efficient to control inflation and controlling government spending and restructuring State-owned banks to keep pace with developments in banking business in the world , said a statement by the Prime Minister’s Office said Shaways made this in a speech he delivered at the Forum Krantz Montana which was held in Baku, capital of the Republic of Azerbaijan ,
adding Shaways to the success of the Government in cooperation with the international community to reduce the debt resulting from the Iraq during the past decades. said Shaways that gross domestic product in Iraq has doubled and doubled with per capita GDP, confirming the IMF forecast that the gross domestic product will reach the limits of (150) billion dollars in 2014.
In the tourism sector said that Iraq has the religious tourism and archaeological, natural and revealed that Iraq is planning over the past ten years (2010-2019) to attract fifteen million foreign visitors “We have witnessed the Iraqi economy and in part willingness to return to the global economy shifts the task on the road to openness and freedom and the adoption of the forces of supply and demand mechanisms essential in economic relations in the form which facilitates the integration process in the system of international economic and this is part of our vision of new economic and contributed positively to the achievement of significant growth in many economic sectors. and went on said during National Development Plan for the years 2010-2014 was adopted the oil sector to be the engine for the rest of the sectors in subsequent years and in which there are many opportunities major investment. He talked about the various economic sectors began in oil and energy, through electricity, housing, communications, transport, industry, agriculture, tourism and other important sectors and ended up inviting international companies to take advantage of investment opportunities in Iraq.
In the electricity sector Shaways said that this sector requires significant investment to double generating capacity to meet domestic demand through the construction of new generating stations throughout Iraq, and there is a need for significant investment in this sector to meet demand increasing, which is expected to double by 2015 to up to 20,000 megawatts (twenty thousand megawatts). As the housing sector, the development plan five-year 2010-2014 indicate there was a need to build two million housing units and infrastructure, has raised the Iraqi government through the National Investment Commission a national project to build (million) and housing units throughout Iraq. are available are great opportunities in the transport sector to invest in road construction, bridges, airports and ports has been to introduce a port of Faw and our modern network of railways, highways and rehabilitation of a number of airports.
At the level of the telecommunications sector The Iraqi market is the fastest growing in the region in mobile communications, although much of the infrastructure in this sector still need to pump large investments are also available opportunities to invest in projects for telecommunications and Internet service and telephone Ground (fiber optic). In the industrial sector, which We count it a lot as a sector supported for the oil sector in Iraq, there are currently 76 overseas public (state-owned enterprises) includes more than 220 factories and a production line in various industries and the opportunity for rehabilitation and investment in new projects or through investment partnerships between the public and private sectors (PPP).
said full of the agriculture sector potential large agricultural qualifies him to achieve food security for the country, especially in grain production strategy and vegetables, as if the investment of its territory techniques of agriculture and modern irrigation where there is agricultural land vast untapped up to ten million acres.
said Shaways that the Investment Law No. (13) for the year 2006 average played a major role in attracting foreign investments to Iraq, including the wealth of benefits, guarantees and exemptions very encouraging for foreign investors, it is between the contents of this law of incentives is the exemption from taxes and fees for a period of ten years and up to fifteen years in the case of partnership with Iraqi investors and by (more than 50% of the Iraqi) law also provides the free movement of capital and profits to and from Iraq.