Friday, October 23, 2009

Washington Conference on the investment results will be faster and better than those in European cities


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Sami Atrushi: Washington Conference on the investment results will be faster and better than those in European cities

2009-10-23 09:47:49

BAGHDAD (Iba) MP Sami Atrushi member of the Finance Committee on the mass of the Islamic Union of Kurdistan, said the indications are that the Washington Conference on the investment results will be faster and better than those in European cities.

The Atrushi told the independent press (Iba) Friday, "Sssalp conferences held in cities such as Paris, London and Washington, which was attended by hundreds of foreign companies, and offered the Iraqi government through high-level delegation of the situation and improve the investment climate, and made hundreds of models of investment opportunities available in addition to the definition of investment law and to provide facilities for those companies that wish to come to Iraq to invest.

He Atrushi "Iraq needs to define the investment climate and improve the security situation for foreign companies, which was watching and preparing to exploit investment opportunities in a promising country such as Iraq,

He emphasized that "the U.S. investment companies are more daring and feet of the other companies and especially in Iraq, in addition to the relatively improved security situation in Iraq," and improved oil prices and rising as high as $ 80 a barrel in time will move the world economy and graduating from the crisis experienced during the past period they will covet companies to optimize the use of Iraqi oil.

One of the first day of the conference showed several insurance companies and U.S. banks willingness to support companies coming to Iraq to invest in them,

He said that "Iraq is a serious move to provide short-term development plans and thus vision of Iraq's economic development and improved compared to previous years, all indicators show that the state budget will rebound because of increased oil prices have been set by the Government through the strategy of the budget for the next three years a plan to increase investment budget allocations" ,

"We expect to see the results of the Washington Conference in 2010 to create an atmosphere of competition to exploit investment opportunities, even for other foreign companies.

It was high-level delegation Braiasp Prime Minister Nuri al-Maliki visited Washington earlier to participate in the Mwtmralastosmar which was held on 20-21 of the month of October next to present the investment opportunities and contracts in Iraq. "

It should be noted that the number of members of Congress Hebdo indignation last week at a hearing of the U.S. ambassador to Iraq not for U.S. companies to investment contracts in Iraq, particularly in the oil, which they said he went to China.

Iba - Independent agency