Minister of Planning of Kuwait: Iraq may cooperate to benefit from the port of Mubarak
Minister of Planning of Kuwait: Iraq may cooperate to benefit from the port of Mubarak
2017/4/14 11:46
[Oan- follow – up]
Planning Minister, Salman al – Jumaili, that Iraq may cooperate with Kuwait to take advantage of the large Mubarak port and adjacent to the Iraqi ports in the Gulf waters , he said.
He said Jumaili , who is visiting Kuwait Halaa- in a press statement that ” the priority of Iraq includes a focus on Iraqi ports , ” noting that “in the event of failure to absorb those ports for the movement of exports and imports to serve the national economy and promotion , there will be future cooperation with Kuwait to take advantage of the port of Mubarak the Great” .
He stressed Iraq ‘s desire to give Kuwait a comparative advantage in promising investment concessions in the markets because of the close ties linking the two brotherly countries and geographical proximity. ”
He praised Jumaili” capabilities of Kuwaiti companies at the local and global levels , “he said , adding that” Iraq is counting on Kuwaiti investors to contribute to the economic development of his country in order to achieve the government program as required. ”
He explained that” Kuwait is one of the most important economies in the region , “noting that” the promotion of trade between the two countries should be in accordance with the common interests of trade and greater exchange would contribute to advancing development in the two countries Table Rehn. ”
He noted, that” Iraq is on the verge of the reconstruction of the territories liberated from the clutches of the Daesh process , “calling on Kuwaiti companies to” invest in the reconstruction process as a promising trade and investment sides. ”
The Minister of Planning that” the Iraqi government began to take a package of economic reforms by amending laws and legislation in order to create an attractive environment for foreign investment in order to ensure the expansion of productive base of the country. ”
and that” the economic reform program in his country ‘s focus on privatization and attracting investment and encouraging the private sector to compete and diversify exports to contribute to reducing dependence D on oil revenues as a resource and a single national income. ”
Jumaili pointed out that ” the Iraqi economy does not suffer from economic problems , but affected in the past years due to fluctuations in world oil prices and political crises experienced by the country , especially the war on Daesh.”
And his visit to Kuwait , stressed ” the importance of this visit to the brotherly overcoming obstacles to the entry of Kuwaiti companies to invest in Iraq and find the best possible solutions for it and work to increase the volume of trade exchange.”
“The meeting with the Minister of Commerce and Industry and Minister of State for Youth Affairs Acting Khaled Rodan discussed how to facilitate the flow of goods, foodstuffs and capital companies between the two countries and to increase business Kuwaiti investors and business visits.”
He stated that ” the visit resulted in the development of an integrated plan to address constraints in the next stage by making it easier to obtain visas between the two countries and the possibility of entry of goods between land borders as well as facilitating goods pay”.
Jumaili pointed out that “touch the will of the State of Kuwait on strengthening bilateral economic and trade relations and Kuwait ‘s keenness on the stability of the security situation in Iraq , which will reflect positively on the promotion of development between the two countries.”
alliraqnews.com
