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The National Investment Commission launches the (Invest in Youth) initiative

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The National Investment Commission launches the (Invest in Youth) initiative

Saturday 18 September 2021 17:04 | Economic    Number of readings: 56
 
Baghdad / NINA / -
The National Investment Commission launched the (Invest in Youth) initiative.

The commission stated in a statement: "With the patronage of Prime Minister Mustafa Al-Kazemi, the National Investment Commission launched, today, an initiative to support Iraqi youth under the slogan (Invest in Youth) with the aim of putting forward a number of innovative investment projects by a number of young people to a specialized committee of professors in ministries and institutions. In the presence of a number of ministers and officials from the public and private sectors, with the aim of obtaining financial support for the implementation of these projects.

The head of the National Investment Commission, Suha Daoud Najjar, confirmed: "This initiative comes within the framework of supporting young people to enter the investment process currently existing in Iraq with new development ideas in various economic sectors, indicating that the commission will give these young people an opportunity to present their ideas to the public sector represented by the presence of a number of Ministers and officials in relevant institutions, in addition to a number of investors and businessmen interested in supporting this initiative.

Najjar indicated that these proposed ideas could turn into important investment projects that support the Iraqi economy and provide job opportunities to eliminate part of unemployment in Iraq, stressing the determination of the Commission to support young people and communicate their ideas to supporters from the private sector to establish these projects on the ground and pump new blood into the process Investment in Iraq complements the successes achieved by major investors and is a real extension of them.

On the same level, Minister of Finance Ali Allawi stressed in his speech: “There are intellectual potentials among young people, which the ministry seeks to support by establishing a fund for which 30 billion dinars has been allocated. The ministry will also launch new initiatives to support youth companies, especially in the digital sector led by them. Young people,

calling on the competent international institutions to contribute to expanding the amount of the fund to reach 50 billion during the next two years under the supervision and participation of a number of ministries.

The young participants in this initiative presented their project ideas to the public and private sectors, which included eight projects with innovative ideas that covered various economic sectors, including (industrial, technical, health, commercial, educational), and received support from investment companies and banks affiliated with the private sector.

Agreeing to hold direct meetings between young investors and supporters of their projects to put the final steps to implement them on the ground.
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