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Al-Tai: the coming years will witness significant economic growth in Iraq

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Al-Tai: the coming years will witness significant economic growth in Iraq

Post  evilbyte on Thu Nov 10, 2011 10:47 am

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Al-Tai: the coming years will witness significant economic growth in Iraq
November 10, 2011

Al-Tai said in a statement to the Agency (news) on Saturday: The coming years will see a large movement in the country of the age, investment and construction investment projects and significant economic growth across different sectors and be different from previous years which were years of political and military, showing that the government began to focus on strategic investment plans for the purpose for the advancement of the Iraqi economy.


Al-Tai added that the Central Bank reserves is today considered one of the largest financial reserves in the history of Iraq, where the rate of more than (60) billion dollars, and this is reflected positively on the exchange rate of the Iraqi dinar and strengthening in international transactions, as well as it will attract investors to Iraq and this is evidence that the coming years will be economic.

Al-Tai called for the need for economic integration between the different sectors through activated such as industry, agriculture, tourism, etc., because it will ensure the success of the economic development of the country.


A member of the parliamentary Economic Committee said that Iraq has a great economic and natural wealth and human resources are exploited, even if true it would be a serious and Iraq, one of the richest countries in the world, it needs a thorough study and plans for an integrated strategy for advancement.

Amer Al-Fayez ,member of the economy and investment in the parliament and MP / National Alliance , had stressed that the need to activate the private sector through the provision of infrastructure and support needed for the purpose of opening large investment projects, through which to provide jobs for large numbers of unemployed, which will contribute to reducing the rate of unemployment in Iraq.


Fayez said in an earlier statement (of the Agency news): There are many laws related to activate the private sector provide it with all the necessary support and facilities, stressing it will be approved by the House of Parliament in order to take his role in the investment and operation of the labor of many for the purpose of absorbing unemployment.(Source)Azzaman


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