Source: Al-Sabah - 02/11/2009
Economists: conferences need to promote global investment economic and service sectors
20 / 4 / 2003 What is no doubt that the current stage in the country beset by many of the needs to revive the economic situation that is complementary to the overall political process in Iraq, the new 20 / 4 / 2003
That contributed to the changing reality of this country for a very large, especially in the preparation and setup for the next phase, which should be prepared for aspects of the framework in light of the economic crisis and rampant cases of catastrophic epidemics.
Hence the need for investment conference comes as a need is urgent and vital at this stage to achieve economic progress, this Manaakecnah with some experts and specialists in economic affairs.
Dr. Al Adham al-Issawi, an economics professor at the Faculty of sound comparative safety college planning frameworks based on correct would be to reduce the impact of the global financial crisis and to mitigate the disastrous consequences, especially with a view of the investments to take advantage of available economic resources and make the investment and capital in the right direction according to the plans on the correct methodology in managing the economic file.
He adds that the need for investment to pure Attenba need to remain in a strong economy, the national and global financial crisis, which has become benign equality at all levels and even in underdeveloped economies of the countries that are classified according to reports from UN agencies were the world's least developed countries in economic terms, but even resources in countries with multiple or a single supplier, as is the case of Iraq's oil resources, as at present and the only source of funding from the state budget, especially with the volatility of oil prices and a sharp drop of more than once and thus reducing the financial situation of the budget and the extra expense and operational.
He says that one of the proposed solutions appear in sight is to organize the investment process and establish the appropriate environment for them because we know very well that the atmosphere is good for the investor is always working to create stability, security and Complete specifications required by this positive atmosphere, encouraging for investors and owners of capital to reach Iraq and investment in all fields, they see as fertile ground for investment, not a mere coincidence that the investment law is , which sparked controversy with some of the terms of the academic and scientific community to open the doors wide for investment and is, without doubt, the law allows the opportunity to get a lot of investment companies and the owners of the Iraqi capital, as evidenced by the presence of many companies in Iraq, and opened offices in several northern provinces, or private agencies to provide local companies to work in different fields, especially in the areas of services, which was a great feeling of investors in general and access to investment contracts is estimated at over U.S. $ 500 million, the companies Britain, Australia and Finland in the oil, electricity, water, construction, infrastructure and others.
With, "said Mohammed Abdullah, an economist in charge of strategic and economic studies at the Center for International Studies, University of Mustansiriya that the oil sector is the most likely to attract investment because of its ability to move the helm of the Iraqi economy, particularly in strengthening the foundations of the national economy due to Maimitlleke Iraq to produce an abundance Maimitlleke fuel and crude oil reserves and high potential for gas exports to other countries, which are among the few countries in the world to export its crude oil exports at various levels with positive and negative aspects that rely on this sector and the neglect of other sectors and positive to trust him, not to mention other resources that contribute to an active contribution to the global economic process and encouraging investors to invest heavily in Iraq and a fundamental change in the look unilateral economic frameworks of the university for more than one economic sector to support the economic process.