Industrial Bank to begin lending to investors
On: Tue 03/01/2012 8:16
Dohuk / Abdul Khaliq Dosky
said engineer expert ruled originated director of industrial development in the Dohuk that the banking industry, which opened in the governorates of the Kurdistan region, including the Dohuk province has started granting loans, saying, "We have opened the Industrial Bank in the second half of the month of December in 2011 ,
Has started to receive transactions from citizens who apply to take advantage of these loans and the basic requirement in the granting of the loan is to be a lab or project has been granted leave of absence from the Directorate of Industrial Development in Dahuk, in addition to other conditions if the project is a new and laboratories are modern, between the ceiling of the loan up to (500) million dinars awarded in the form of three stages; the first stage gives the 30% of the loan and be at the completion of the buildings on the project, and 40% if installed full line, and the third and final 30% of the loan granted when it is running the project and must be repaid in six years. "
in his dialogue with the (range) between that they had distributed large quantities of cement in 2011, in addition to their grant leaves of many plants and factories, and said "the distribution of cement is one of the business high school that we do in the Directorate of Industrial Development in Dohuk, We have during the year 2011 the distribution of 46 thousand tons of cement on the citizens at the price the government has said of them (3665), a citizen of the province of Dahuk, according to the holidays granted to citizens by the municipality of Dohuk, "and that the cement that comes to the province of Dohuk comes from the factory Taslojh in Sulaymaniyah, explaining by saying "every month come five thousand tons of cement, and we daily prepare between 40 to 50 citizens of this cement at subsidized prices, where we give the cement with 68 thousand dinars, which is a good price if you compare prices of cement in the black market the price per ton to more than 130 thousand dinars in some cases, "explained emerged: that their core lies in their licensing of plants and different laboratories, and added," We have an annual plan fixed walk by any investor comes to the draft in line with our plan we agree on the project, and we give permits development Industrial for all types of projects paper, plastic, food, construction, textile, construction, our condition that the project is developed and serves the area has given us leave to open (16) plants different in 2011, and the large share of the plants for food and construction materials and paper. "
originated explained that the Dohuk governorate of two industrial zones, one located in the Quashie-west province of Dahuk, a private labs heavy, and the second is located in an area Nzarka eastern province of Dahuk, a private laboratory light, explaining said, "but most of our work is concentrated in the district of Zakho, which includes 40% of industrial projects, which are present in Industry Zone of old and the Hinava. "He also said," We formed a special committee to study projects that come to us by the citizens and the project is approved it is raised to the province after completing the 90% of procedures, where the remains of which 10%, only the procedures that are in the Ministry and if the project we may give a heavy investor in the area of land Quashie to take advantage of it. "
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