Toncen Businessmen Seeking Investment Opportunities in Iraq
|June 3, 2014||Filled under Iraq Investment News|
Iraqi Investment News –
Leads a delegation composed of 50 businessmen Tunisian large number of them from the University of Health, currently a visit to Arbil, the Kurdistan region of Iraq, to identify opportunities for the development of relations of partnership and cooperation between Tunisia and the region.
Between Abdul Latif bath Director General of the Centre for the Promotion of Exports, which framed the visit, during Monday convened a press conference in Arbil, the occasion of the launch of the airline’s new Tunisia / Erbil, the possibilities and the needs of this region is important in the areas of infrastructure, health, electricity and water.
Vkrdstan Iraq, he said, imports 70% of its requirements of food from abroad, which prompted the government to make the agricultural modernization of the main priorities. Explained bath that the province plans to invest at least 172 million dollars a year in the areas of development as well as construction of 50 thousand units housing per year in addition to the construction of an airport’s third and freeway linking Erbil borders of Turkey and the establishment of a railway linking the main Kurdish cities.
Said that most of the construction materials used are imported from abroad, which provides for Tunisia chance to be the main provider for the region in terms of raw materials and thus strengthen trade and economic cooperation between the two countries.
As longer Arbil, according to “W” chosen by the Committee of Arab capital of Arab tourism for the year 2014 pole tourism and economically first class and has a GDP per capita 4425 U.S. dollars is expected to rise during the next five years by 10%, thanks to oil revenues (45 billion barrels of reserves) and tourism, which provide more than 30% of GDP. include the outskirts of Arbil, the autonomous region of Iraqi Kurdistan since 2005, some 2,300 foreign companies and foreign direct investment reached in 2012 about 5 billion dollars.
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