Tuesday, March 4, 2025
Investment opportunities are expanding. FAO prepares to become the largest industrial city in the Middle East, 4 MARCH
The Ministry of Industry and Minerals on Monday revealed plans to establish giant industrial projects in the city of FAO, which will make it one of the largest industrial cities in the Middle East, within the strategic development road project.
The assistant head of the Industrial Cities Authority in the ministry, Riad Jassim Kazem, said in a statement to the Official Gazette that “the technical designs of the project will be completed soon, as the work is proceeding according to well-thought-out plans, with the completion of the initial designs and the addition of some amendments to ensure the implementation of the project in the best way.”
He explained that “the development road will turn Iraq into a pivotal commercial center connecting East to West through advanced industrial cities stretching from FAO to the Turkish border,” pointing out that the city of Fawo will include giant industrial projects that include petrochemical factories, power plants, desalination and liquefied gas facilities, in addition to residential and tourist projects, which will contribute to activating trade and creating more than one million job opportunities.
Kazem also stressed that the project will contribute to reducing the time of transporting goods from China to Europe to less than 22 days, which will strengthen Iraq’s position as a global logistics center.
He pointed out that the preparation of designs for the project faced some obstacles, such as conflicts on the road with agricultural and economic projects, but coordination with local governments and those conflicts were removed, which allows the preparation of the final technical designs of the project.
He concluded by saying that “the development road will be a fundamental pillar in diversifying the Iraqi economy and reducing dependence on oil, so that Iraq becomes a pivotal part of the international trade map, benefiting from its modern infrastructure and its ability to link continents.”
The assistant head of the Industrial Cities Authority in the ministry, Riad Jassim Kazem, said in a statement to the Official Gazette that “the technical designs of the project will be completed soon, as the work is proceeding according to well-thought-out plans, with the completion of the initial designs and the addition of some amendments to ensure the implementation of the project in the best way.”
He explained that “the development road will turn Iraq into a pivotal commercial center connecting East to West through advanced industrial cities stretching from FAO to the Turkish border,” pointing out that the city of Fawo will include giant industrial projects that include petrochemical factories, power plants, desalination and liquefied gas facilities, in addition to residential and tourist projects, which will contribute to activating trade and creating more than one million job opportunities.
Kazem also stressed that the project will contribute to reducing the time of transporting goods from China to Europe to less than 22 days, which will strengthen Iraq’s position as a global logistics center.
He pointed out that the preparation of designs for the project faced some obstacles, such as conflicts on the road with agricultural and economic projects, but coordination with local governments and those conflicts were removed, which allows the preparation of the final technical designs of the project.
He concluded by saying that “the development road will be a fundamental pillar in diversifying the Iraqi economy and reducing dependence on oil, so that Iraq becomes a pivotal part of the international trade map, benefiting from its modern infrastructure and its ability to link continents.”
REINALDO JC: WHO IS REALLY IN CHARGE OF THE CBI AND THE CHANGE ON THE IRAQI DINAR RATE IS TRUMP, WE ARE WAITING FOR HIM, 4 MARCH
REINALDO JC
U.S. Treasury will order the CBI
Damn I had to re-read my own post below & from the article today coming from Iraq confirming who’s really in charge of the Central Bank of Iraq (CBI) & when it all comes down to…the individual that is the HEAD EXECUTOR of all central banks, including the U.S. Treasury, the one everyone worldwide CAPITULATED too (2016-2020) & who will decide when to “flip that switch” & to finally
ORDER the 
puppets at the cbi, governor Al-Alak/PM Al-Sudani to CHANGE the Dinar Rate…..is no other than The CIC/POTUS 47 Mr. Donald J Trump!!!!!!
(he’s in full control & a smooth operator).
*theatrical theater
& instability is being shown & presented to us—all a show.
cc:
& instability is being shown & presented to us—all a show.
cc: 
Reasons For The Decrease In The "Temporary" Dollar Exchange Rate In Iraq, 4 MARCH
Reasons For The Decrease In The "Temporary" Dollar Exchange Rate In Iraq
Economy | Baghdad today – Baghdad The specialist in the economic affairs, Nasser Al-Tamimi, commented today, Sunday (2 March 2025), the continuous decrease in the dollar exchange rate in the local markets days ago.
Al -Tamimi told "Baghdad Today", that "the decline in the exchange rate of the dollar in the local markets is temporary, due to the lack of demand for it currently in the market due to the month of Ramadan, where there is a decline in the demand process as well as shopping in dollars such as cars, real estate and other issues sold in dollars."
And that "this decrease is temporary and will return to rise again, especially with the near days of Eid Al -Fitr, after which it will return to its position between (150 and 151) per 100 dollars," noting that
"this decrease did not come due to real remedies for this long time, but the
real reason is the lack of
demand during these days."
The dollar exchange rate continued, today, Sunday (2 March 2025), a decrease in the local stock exchange, down to record levels for the first time in several months.
The "Baghdad Today" correspondent said that the dollar prices, on the struggle and Al-Harithiya stock exchanges in the capital, Baghdad, recorded, on Sunday afternoon 146,800 thousand dinars for $100.
https://baghdadtoday.news/268975-أسباب-انخفاض-سعر-صرف-الدولار-المؤقت-في-العراق.html
GOLDILOCKS UPDATE, 4 MARCH
GOLDILOCKS
Iraq's Central Bank announced last week it had banned five more Iraqi banks from engaging in U.S. dollar transactions in an effort to combat money laundering,
dollar smuggling, and other violations that would benefit Iran financially.
https://thesoufancenter.org/intelbrief-2025-february-26/#:~:text=Iraq's%20Central%20Bank%20announced%20last,that%20would%20benefit%20Iran%20financially.
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