THE ROLE OF PRIVATE SECTOR INVESTMENT IN THE TOURISM DEVELOPMENT OF NAJAF GOVERNORATE

Аннотация

INTRODUCTION There is no secret of the growing role played by tourism), which clearly affects the development of multinational companies within the framework of the country’s infrastructure in general and the economic globalization, and in particular, their infrastructure and superstructure of the tourism role in the movement of investments at the global sector and its accompanying services. level and the transfer of capital from one country to another, with a type of overlap rarely seen in Problem of the Study the past, such that some developed countries have The research problem lies in what is the role of become pioneers in importing and exporting foreign direct investment in tourism investments. And at the same time. development: Indeed, developing countries (including Arab The following sub-questions emerge from the countries) cannot distance themselves from these main issue: international variables, as they are part of the 1. What are the requirements for tourism international division of labor and have their development? place in the global economy, albeit in different 2. What are foreign direct investment locations from one country to another and in instruments? multiple fields, including investment in the 3. What are the best ways foreign direct tourism field, which is one of the broadest. Assets investment contributes to tourism development? include various sectors, including the Aims of the Study transportation sector, accommodation, The Study aims to identify the following: entertainment, and the health sector (medical 1. Identify the concepts of foreign direct https://www.theamericanjournals.com/index.php/tajiir 86 THE USA JOURNALS THE AMERICAN JOURNAL OF INTERDISCIPLINARY INNOVATIONS AND RESEARCH (ISSN- 2642-7478) VOLUME 06 ISSUE01 investment and tourism development. property to obtain ongoing benefits (services and 2. Identify the most critical determinants and money) (Arabi, 4, 2002). attractions of foreign direct investment and ways From these definitions, we can conclude a more of tourism development. comprehensive and general description of 3. Identifying government alternatives and investment, which is: facilities to support foreign direct investment, Investment is allocating money to obtain new thus leading to effective tourism development. means of production or to renew and develop Importance of the Study existing means to increase production capacity The importance of the research is evident in (Baadash, 6, 2003). studying the concepts of foreign direct 2. Investment areas: investment, its most important dimensions, types, The field of investment means the type or nature ways of developing it, and the extent of its role in of the economic activity in which the investor tourism development. saves his money to obtain a return, as the areas of Hypothesis of the Study investment differ from different angles, and the There is a clear relationship between foreign most critical recognized classifications are direct investment and tourism development. (Matar, 73, 2009): Methodology of the Study • Geographical classification of investment areas: The researcher used the descriptive approach in Investments are classified based on this criterion collecting the information needed for the research into local and side investments and studying scientific phenomena and problems Local investments are all opportunities to invest by scientifically describing them to arrive at in the local market, regardless of the investment logical explanations with evidence and evidence tool used, such as real estate, securities, gold, and that gave him the ability to set specific economic projects. frameworks for the problem, and this is used in Foreign investments: The latter represents all determining the results of the research. opportunities available in foreign markets, Foreign Direct Investment regardless of the investment tools used. Foreign 1. Investment concept: investments are made by individuals and financial There have been many definitions and concepts institutions, either directly or indirectly. related to investment as an economic • Qualitative classification of investment areas, phenomenon, as the idea of investment derives its i.e., the type of asset subject to investment: origins from economics and is associated with a fundamental or financial: investments are group of financial images, the most important of classified based on this criterion into financial and which are income, consumption, saving, and other real investments: lending. - Real investments are all investments that Investment is giving away money that an provide the real investor with a tangible asset individual owns at a specific moment in a such as real estate, commodities, gold...etc. particular period, which may be extended or Financial investments mean purchasing a share in limited, and linking it to one or more assets that the capital (stock) or a stake in a loan (bond, he holds for that period to obtain future financial certific