FRAN26: "ROME WAS NOT BUILT IN A DAY BUT WITH ROADS!!!"........F26
Economist: Development Road Project Will Provide Iraq with Great Investment Opportunities
10/19/2024
An economic expert stressed the importance of the Development Road Project in achieving investment opportunities in Iraq.
Salah Nouri told Al Furat News Agency, "The International Development Road project provides great investment opportunities through the construction of industrial cities and various service projects, which provides great job opportunities." He added, "Development funds are working to provide joint investment opportunities between the private and public sectors, and the private sector participating in the investment in turn provides job opportunities."
The "Development Road" project consists of land and railway roads extending from Iraq to Turkey and its ports, with a length of 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Gulf countries, especially Qatar and the Emirates. On April 22, Turkey, Iraq, Qatar and the Emirates signed a quadripartite memorandum of understanding in Baghdad for cooperation on the "Development Road" project, under the auspices of Turkish President Recep Tayyip Erdogan and Prime Minister Mohammed Shia al-Sudani.
FIREFLY: TV says the recommendations for Ernst and Young about banking reforms will be approved by the council of Ministers to proceed with the banking reforms.
FRANK: Ernst and Young are playing a very important part in the Monetary Reform process with the CBI and United States Treasury. Their involvement is very deep.
To see this report from them once again tells me we are running out of time...
Prime Minister Mohammed Shia Al-Sudani confirmed on Monday that the investment opportunities in Iraq received from Arab and foreign companies exceeded 100 billion dollars.
A statement issued by the Media Office of the Prime Minister, and replied to “Mil”, that “Prime Minister Mohamed Shia Al-Sudani held a meeting with the head of the Egyptian Swedish Group of Companies Ahmed Al-Suwaidi, and a group of managers of Egyptian industrial and commercial companies, in the presence of a number of advisers to the Prime Minister.”
The statement added that “the Prime Minister discussed with the Egyptian delegation the study of the economic and financial model of the group in work and cooperation in the sectors of industry, education, energy and infrastructure, which also included discussing investment opportunities and partnership in the sector of examizing petroleum resources, the localization of the electrical transformer industry, and smart measures related to the electrical network, and the carbon iron and steel industry.”
He continued, “It was agreed on a study to establish industrial cities in Baghdad, where the group presented a map of projects to be studied by the Council of Advisors and Sectoral Entities.”
During the meeting, the Prime Minister pointed to “the breadth of economic cooperation between Iraq and Egypt, especially in partnerships with the Egyptian private sector,” stressing that “the investment opportunities offered in Iraq, which were received from Arab and foreign companies, exceeded 100 billion dollars, and they reveal an abundance in economic growth at all levels and fields.”