Tuesday, June 05, 2007
Convention to be held in Ras Al Khaimah for Iraqi small and medium businesses
Business
(AME Info FZ LLC) - Ras Al Khaimah will host the 'Iraq First International Convention for the Development of Small and Medium Enterprises' to be held under the patronage of H.H. Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, and organised by Iraq First, a not- for- profit organisation launched by KGL Investment Company, at the Al Hamra Fort Hotel in Ras Al Khaimah on June 7- 8, 2007.
The groundbreaking initiative will be attended by H.E Dr. Adil Abdul Mehdi, Vice President of Iraq, and will bring together the Provincial Governors and entrepreneurs from across Iraq and international investors with the aim to foster the development of SMEs in Iraq and thereby contributing to the Iraq's overall economic development.
'The presence of elected Iraqi Provincial Governors, who have been recently awarded the authority to grant investment licenses by a parliamentary decree, highlights the importance of this opportunity to meet with a large concentration of top caliber decision makers representing Iraq, who will be brought together for the first time in such a unique convention,' she added.
Iraq First has received around 359 projects from Iraqi entrepreneurs encompassing many business fields- from hotels to water bottling plants to cement block factories as well a wide range of other businesses which will be presented to the Arab and International investors in addition to International Lending Organisations during the two- day convention.
Aleast five MoU's would be signed for the establishment of new businesses, including setting up of ceramic sanitary ware factories and liquefied oxygen factory, among others, at the convention. The rest of the projects will be followed up to a final conclusion with an expectation to complete the initiation of over 20 projects for the year 2007.
The groundbreaking initiative will be attended by H.E Dr. Adil Abdul Mehdi, Vice President of Iraq, and will bring together the Provincial Governors and entrepreneurs from across Iraq and international investors with the aim to foster the development of SMEs in Iraq and thereby contributing to the Iraq's overall economic development.
'The presence of elected Iraqi Provincial Governors, who have been recently awarded the authority to grant investment licenses by a parliamentary decree, highlights the importance of this opportunity to meet with a large concentration of top caliber decision makers representing Iraq, who will be brought together for the first time in such a unique convention,' she added.
Iraq First has received around 359 projects from Iraqi entrepreneurs encompassing many business fields- from hotels to water bottling plants to cement block factories as well a wide range of other businesses which will be presented to the Arab and International investors in addition to International Lending Organisations during the two- day convention.
Aleast five MoU's would be signed for the establishment of new businesses, including setting up of ceramic sanitary ware factories and liquefied oxygen factory, among others, at the convention. The rest of the projects will be followed up to a final conclusion with an expectation to complete the initiation of over 20 projects for the year 2007.
Labels: Adil Abdul Mahdi, convention, Ras Al Khaimah, small and medium enterprise
