Mohammed Saleh: Natural Resources Contribute to Maximize the Financial Returns
|April 24, 2014||Filled under Iraqi Economy|
Iraqi Economy –
Conference and exhibition are global to discuss investment in mining
Baghdad – represents economic conferences in different sectors of the real opportunity to identify investment opportunities in any country in the world to pursue foreign investment companies and are looking forward to which the announcement opportunities with a view to its entry into the country to carry out their activities in different economic fields such as energy, metals and other opportunities available in the country.
And Iraq needs – according to economic expert, Dr. appearance of Mohammed Saleh – to diversify the economy of crude and natural resources instead of relying on oil as the sole of the country by launching the licensing round, especially in minerals after knowing the proven reserves of them inside Iraq.
Announced Last week, for organizing a special conference of the metals in the Omani capital Muscat, as it is hoped the presence of representatives of the Ministries of Industry and Minerals Arabic, as well as representatives of relevant ministries such as the environment and water resources and national bodies to invest.
Saleh added in a statement to the (morning) that he should be at the current stage diversify the country’s economy in the announcement of the rounds special licenses minerals after conducting geological surveys in areas where materials phosphate, sulfur and other minerals, indicating that the goal of a survey is to give exact numbers that represent the reserves of the true all important minerals in the country.
And the expert said that economy of raw materials neglected during the last two decades will require the establishment of a strategy to arrange investment raw materials from global companies to achieve mutually beneficial contracts just serve the stability of Iraq’s exports them, stressing the importance of addressing these materials and improve because they are so supplementary materials in addition to being the raw materials involved in various industries.
He explained that the diversification of the economy of natural resources represents a convenient option where you must be exploited in an optimal way attract investors and maximize returns, noting that Canada and Australia of the most important countries that adopted in its economy on natural resources that have achieved a solid economy from which referred him stigmatized. And the benefit at the end of his speech the importance of expediting a process of Geological Survey to explore natural materials other along the existing ones so as to the importance of diversification of sources of balancing the country.
According to the body that will organize a conference and an exhibition WCW (Arab Mining 2014) about the mines and minerals and resources in the Arab countries, this conference will be the first and biggest event highlights the investment opportunities in the field of mining in the Arab world. The head office company specializing Ahmed Al-Gadir told the (morning) that “The conference will offer a wide range of opportunities and projects across the region, including industrial development projects and exploration opportunities and the latest techniques used in the field of mining and minerals in the Arab countries, including Iraq.”
And confirmed that he will participate in this conference, most companies and organizations, mining and interested in working in this country, where they are expected to attend more than 300 delegates to the conference and exhibition from all over the world and a large number of experts, academics and decision-makers and thought. Noted Jader the presence of Arab and foreign investors seeking new opportunities in the field of minerals and related industries as well as mining companies, whether in the field of exploration and production.
“It is expected the presence of representatives of financial institutions from banks and lenders and investment firms specialized and investors in the private sector, also will attend technology companies and licensing to provide the latest technologies and solutions available to them in the field of mining.”
And added that “This conference aims to create a forum for networking and exchange between Arab companies on Mining and Metals with Ndharaúhm of international organizations, investors and policymakers thought the resolution and display of mining projects available and take advantage of the expertise and modern technology in addition to discussing the development of the mining sector in the Arab countries.
“Concluded Al Jader his speech by saying that” this important event will draw success of the International Conference on the former, which was organized by the company in 2011 in London and carried out in cooperation with the Iraqi Ministry of Industry and the U.S. Geological Survey, with the participation of many organizations and senior mining investors.
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