Industry presented their projects for investment through a conference organized in Dubai
4-29-08
Industry presented their projects for investment through a conference organized in Dubai
Baghdad Hassan Al-Rubaie
Egyptian Minister of Industry and Minerals Fawzi Hariri, the Iraqi government's determination to advance the industry and rehabilitated and developed to take the natural role in supporting the national economy in the short and medium plan aims to be a Production in the year 2008 the proportion of 10 percent of total GDP, said in a speech at the (Iraqi investment in the industry), which was organized by the ministry in collaboration with the National Council of the United Arab Emirates last month: that his efforts to work effectively to rebuild infrastructure and create a competitive industry Maintain the growth and innovation and create new job opportunities within the international standards for products of high quality.
Three points for the Advancement By Industry
He added that what is needed is to rehabilitate the Iraqi industry companies and provide a supportive environment for investment and Majazbh through global partnerships with the importance of introducing modern technology into existing plants and strengthening the role of the private sector.
He emphasized that such a strategy including a focus on industries within the first three axes.
Industries with high added value, which witnessed a high demand for its products involved in the reconstruction of Iraq, including engineering and construction industries with chemical and Alaptrrukemiawiyeh kinds of fertilizers, which requires the development of direct investment and cooperation with international companies to invest in the development of energy complex petrochemicals to 650 thousand tons annually with the age factor Nitrogenous fertilizer in Basra and Baiji to step up to (2) million tons annually and phosphate to a factor (1.5) million tons of fertilizer annually and rehabilitation of lines extraction and purification of sulfur Almcrac card million tons annually.
With a second axis in industries that contribute in supporting the infrastructure industries represented by private trucks and dump trucks and fuel tankers and specialized wheels of all kinds in addition to manufacturing units and the liquidation of desalination and water pumping systems and chemicals for water purification and sterilization, as this axis included electrical and telecommunications industries, where required Expansion of production capacity transformers and distribution transformers and electric and telephone Alkablwat and production of air-conditioners, refrigerated warehouses and refrigerated wheels to cover 80 percent of the requirement with the local industrial services that require the development of systems management and implementation of large projects in the industrial, oil and electric service projects, chemical and Alaptrrukemiawiyeh.
The third axis has included the industries that supply the integration between industry and other sectors such as agriculture and health in the area of agricultural and food products requires the development of dairy production capacity to cover domestic consumption by 100 percent and vegetable oils by 80 percent and sugar by 50 percent with the development of textile industries of cotton, wool and leather to support the agricultural sector The second axis also extended to include textile and pharmaceutical industries, which presumably developed to contribute to cover 75 percent of the total domestic requirement in the first 50 percent of the total domestic requirement in the second.
One of the most important elements of market power industry
Iraqi Pharmaceutical
For his part, said Dr. Sami Al-Araji, Deputy Minister of Industry and Minerals on activities central to provide the local market is one of the most important elements of the Iraqi industry that the current production of any individual productivity to give only a small part of the local market need and thus the investor will find promising market for all products they put in Rome Local market while not restricting the choices between the discharge of domestic and export products as the strategic partner to include events on the part of rehabilitation and operation of production capacity and marketing management with production and profit sharing specific mechanism.
The agent reviewed the opportunities available in three main sectors are sectors of industries (textile, construction and industrial services and project management) with examples of the mineral wealth available and little actual production has represented phosphate, sulphur, salt and lime stone.
The textile industry, leather and 7, which includes specialized companies, the availability of raw materials essential to the work of this sector locally is wool, leather, cotton, with the availability of infrastructure, especially buildings and services in key industrial shares to facilitate the process of investment and the market needs of the local products of the sector, which amounts to weaken the Currently it produces give a guarantee marketing firm for any increase in its products.
And on the manufacturing sector, which includes construction of three specialized firms producing cement followed (14) laboratories with specialized companies producing construction materials and thermal bricks, glass, ceramics and glass panes and the coefficient of plastic pipes for drainage, it is one of the most significant sectors and the implementation of grandiose infrastructure projects and building residential complexes at 3.5 million The housing units will require the rehabilitation of existing plants.
Surest way to invest
As Mr. Adel Karim, Undersecretary of the Ministry of Industry and Minerals for Development and Investment has said that spending on rehabilitation commissioned by the investor would guarantee access to energy design labs of return for the investor's share in production and that this is the surest way to invest for the benefit of both parties through the development of companies The one hand and freedom of action of the investor share of production from second hand.
Industry presented their projects for investment through a conference organized in Dubai
