The deputy of Basra Jamal Jamalawi, on Thursday, that the application of the law of Basra, Iraq's economic capital will solve many of the problems facing Basra province and strengthen its role to take its industrial and commercial status, calling on international companies to invest in the energy sector, services and infrastructure in Basra.
"Basra is a promising region to attract Arab and foreign investments to its strategic location, the link between the east and west of the world and the diversity of its abundant resources," he said in a statement read by the economy news.
"Investment in Basra will help develop infrastructure, absorb the requirements of developing trade and industry, expand ports and operate the productive and competitive sectors of local companies, thus raising labor levels in some economic sectors and addressing the phenomenon and the problem of unemployment by providing new jobs provided by investment projects," he added.
He pointed out that the implementation of the law of Basra, Iraq's economic capital will solve many of the problems facing the province of Basra and strengthen its role to take its industrial and commercial status and create a stable environment for investment and push the wheel of economic activity to an advanced stage correspond to Iraq's economic status.
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"Basra is a promising region to attract Arab and foreign investments to its strategic location, the link between the east and west of the world and the diversity of its abundant resources," he said in a statement read by the economy news.
"Investment in Basra will help develop infrastructure, absorb the requirements of developing trade and industry, expand ports and operate the productive and competitive sectors of local companies, thus raising labor levels in some economic sectors and addressing the phenomenon and the problem of unemployment by providing new jobs provided by investment projects," he added.
He pointed out that the implementation of the law of Basra, Iraq's economic capital will solve many of the problems facing the province of Basra and strengthen its role to take its industrial and commercial status and create a stable environment for investment and push the wheel of economic activity to an advanced stage correspond to Iraq's economic status.
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