Zig’s Place Chat and News Thursday PM 5-13-21

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Butterfly   Saudi companies prepare to launch giant investments soon in Iraq

05/13/2021 12:03:38   Saudi companies prepare to launch giant investments soon in IraqSaudi businessmen revealed that Saudi companies are close to launching giant investments soon in Iraq in the fields of manufacturing industries, noting that there are promising opportunities for Saudi products of building materials and food in the Iraqi market.

The businessmen explained in a press statement that “some Saudi companies specialized in raising livestock and cows have presented to the Iraqi government the idea of ​​investing 4 million dunums in the Western Desert located between Anbar Governorate, passing through the cities of Karbala and Najaf, to the Samawah desert, with a contract extending for more than 50 years to cultivate.” agricultural and cattle breeding crops.

for his part, Mohammed predicted leader Vice Chamber of Commerce and industry Chairman of Riyadh, to witness the Saudi – Iraqi relations prospects welcome , especially in the field of economic, commercial and investment cooperation, pointing out that the visit of Prince Khalid bin Salman , deputy Minister of Defense, Iraq, come under Integration, communication and permanent coordination between the two countries, pointing out that it is a visit that supports closer relations at all levels, including the economy.

butterfly   Al-Murshid added that “the opportunities for integration between the Kingdom and Iraq are great,” adding, “If we take the economic part from it, I think that we have taken important steps, whether at the level of raising the level of trade exchange with the opening of a new port in Arar, or at the level of joint investment opportunities in the fields of industry, energy and many more Other areas that we will soon see their fruits … The Iraqi market is large and Saudi products are well received in it. ”

For his part, Abdullah Al-Melehi, President of {Tamayouz} said: “There are promising opportunities for Saudi products in the Iraqi market, as the Iraqi market is one of the great opportunities for Saudi products. In sharing borders with Saudi Arabia, an opportunity to export the Saudi product with the facilities provided by the Kingdom through The Saudi exports program to open new markets for manufacturers in the Kingdom, in addition to supporting the Kingdom’s government and the leadership’s keenness to build relationships in various fields.

Al-Melehi added: “The Iraqi market is promising and there are many export opportunities that national companies can benefit from,” adding that “the volume of Saudi non-oil exports to the Republic of Iraq amounted to 2.6 billion riyals ($ 693.3 million) during the past year 2020, while topping the list of the most prominent sectors.

The exported building materials activity amounted to 859 million riyals (229 million dollars), and the foodstuff activity with a value of 790 million riyals (210.6 million dollars). ”

butterfly  Al-Melehi pointed out that “there is a tendency to offer investments in the oil and gas field to Saudi companies, indicating that discussions are underway with the concerned authorities to clarify investment opportunities, as investors are always looking for specific opportunities or privileges to bring them to the market, especially after the Saudi Export Bank announced granting investors financing for this field.”

Exports are a factor that attracts investors, “noting that” both Saudi Arabia and the UAE have allocated more than 6 billion dollars to invest in Iraqi lands, strengthen economic relations and create new opportunities for cooperation and partnership. ”

Al-Melehi explained that “there are Saudi investment projects currently in the Iraqi cities of (Anah) and (Al-Qaim),” indicating that “there are investments that Saudi companies will soon launch in Iraq in the fields of manufacturing, agriculture and various projects, while Saudi investment companies have offered specializing in livestock breeding and cows on the Iraqi government ‘s idea to invest 4 million acres in located between the Anbar province , passing through the cities of Karbala , Western Sahara and Najaf access to the desert of Samawah, a contract extends to more than 50 years for the cultivation of agricultural crops and cattle breeding.

He Malihi: “among the investments The Emirati and Saudi companies will implement them by producing some internal industries in Iraq, as joint factories between Iraq and these two countries will be implemented … Also, one of the most important investment projects is the interest in electric power projects from Saudi Arabia and the United States. ”

alforatnews.com

Sparky  butterfly ... " Giant investments" sound good ...

butterfly Sparky very good

butterfly  The US embassy in Baghdad, on behalf of Biden and Blinken, launches a package of pledges to the Iraqis

Thursday 13 May 2021 | 11:15 a.m.  The US embassy in Baghdad on behalf of Biden and Blinken launches a package of pledges to the IraqisOn Thursday, on behalf of the President of the United States (Joe Biden), Secretary of State (Anthony Blinken), Ambassador (Tueller) and the American people, the US Embassy congratulated the Iraqis on behalf of Eid al-Fitr .

The embassy said in a statement, “We in the United States mission in Iraq are aware that Iraq faces a number of difficult challenges, as do many countries. As the Corona pandemic continues to cast a heavy shadow over the entire world, disturbing our lives and business, and many will celebrate this occasion without Their families . ”

“We are working with our Iraqi partners to help ensure that Iraqis feel safe in their homeland as well as revitalize the economy, ” the statement added.

The statement added, “Through the US-Iraqi partnership, we move forward together. Together, we are making progress in combating the Corona virus. Together, we work to repair what has been affected by ISIS and help the displaced to return to their homes. Together, we are looking for new ways to develop the Iraqi economy and face the challenges of change.” Climate . ”

“There is a lot of work to be done, but we have come a long way and the United States remains committed to our partnership with the Iraqi people as we work towards our common goal of a secure, stable and prosperous Iraq,” the statement continued.  aynaliraqnews.com

butterfly  I will admit that the articles I have been posting lately are sooooooo different from what I use to post years ago.

Sparky   butterfly ... great stuff, thank you ...

Sparky  ... on Behalf of Biden ...

butterfly  well biden can send me another check. I will not reject it. lol

Sparky butterfly ... he came into a hornet's nest ...

butterfly  Us old folks spend money, why should we save it, we are on the downside of life. Give me the money honey lol.

butterfly  Sparky yuppers and the lates from one idiot called 1/6 a tourist visit to the WH. Lordy Lordy these people are needing to be put in a mental institution. UNFORTUNATELY..............WE are paying them to be cray cray.

Sparky  butterfly ... last thing I want is to die with a dollar in my pocket ...

Sparky  butterfly ... Liz Chaney will split the GOP ( aka ICP ) ...

butterfly Sparky I say and will continue to say...........follow the money and you will FIND the split. Losers stick with Losers.

Sparky   butterfly ... ride on girl ... carry on ...I'm just sayin' ... , thanks for your contributions of articles folks can read straight up .... and, folks will be caught up in Iraqi news ...

BobbyC   So how's the IQD looking?

Sparky  ... long game brah ...

BobbyC  brah?

Sparky  ... that's what I said ...

BobbyC ok brah'

Sparky  ... any good newz ?

BobbyC  no idea brah

Sparky  ... yeah, me neither ...

Sparky  ... de-valuated 23 % ...hopefully they bounce back in the next 10 years ...

Sparky  ... or, we wait ...

BobbyC  the devalue had to take place, Saw that coming in 2017 when the IMF actually suggested it in the SBA. Ya can't fix 18 years of stupidity. Same thing we'll be dealing with for 4 years with this idiot Biden

Sparky  ^and

Sparky   BobbyC ... taking a page out of Maliki 2014 election ... 'member ?

Sparky  ... run the guns to Mosul ...

Sparky  ... and walk away ...

Sparky  ... Abadi's first term, if I recall ...

Sparky  ... and, ISIS was born ...

Sparky  ... I got a feelin' , Sunni's, Shiites and Kurd's don't get along well ...

Sparky  ... they better watch Israeli's, those dudes are bad ….

Sparky  ... https://youtu.be/bsYp9q3QNaQ  ...

Sparky   ... we'll watch and see what's up ...

Sparky  ... de-stabilizing the middle east for oil was not a great idea in hindsight ...

Sparky  ... oil mongers may differ ...

Sparky  ... M6 ...

Sparky  ... do you ever wonder how many operatives are here in the states ?

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