Planning: can not be the elimination of unemployment, but by

[Stillw8n]

Planning: can not be the elimination of unemployment, but by investing

Ministry of Planning confirmed on Thursday that finding employment for large numbers of unemployed can only be achieved through investment projects, noting that Baghdad is witnessing very active by the representatives of foreign companies to enter into investment contracts.

Said Ministry spokesman planning Abdul Venus Hindawi for “twilight News”, “There large numbers of graduates and owners professions suffer from unemployment, and it can find jobs them only by activate investment sectors.”

“The Ministry of Planning is seeking through the five-year plan that began in 2010 to provide jobs for more than three million unemployed by stimulating private sector investment.”

The Ministry of Planning and Development Cooperation had warned, earlier, the high unemployment rate, which exceeded 25 per cent in the past year.

And between Hindawi “Baghdad witnessed recently active widely to contracts investment advent many delegates foreign companies.”

Announced that the Ministry of Planning and Development Cooperation, earlier, that the Council of Ministers decided that the Ministry of Planning is responsible for implementation of investment projects in the budget in 2012.

Referred that budgets previous years share implementation Planning Ministry number of government agencies including Secretariat cabinet and Ministry financial and Supreme Audit.

Parliament passed in October of 2006, the Iraqi investment law, which it was said at the time, it will open the doors wide open to foreign investment, because many of the facilities provided to foreign investors.

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