Federal Trade Indicates An International Desire To Invest In Iraq
Three countries are holding meetings in this regard
Zagros TV Related news Sudanese directs to give priority in investment to industrial and agricultural projects
Zagros – Erbil On Thursday, Federal Trade Minister Atheer Al-Ghurairi revealed a wide welcome and international desire to increase investments inside Iraq, while confirming that meetings were held with 3 countries in this regard.
The Iraqi government is adopting a new approach aimed at diversifying the sources of the economy and revitalizing its movement, through radical solutions that address current challenges and open broader horizons for the flow of foreign investment into the country's economy, which suffers from extended structural imbalances.
The packages of measures related to various legal and administrative amendments are among those followed solutions aimed at transforming the country into an attractive environment for foreign investments.
During his participation in the 113th session of the Economic and Social Council, which was held at the Arab League, Al-Ghurairi said in his speech that “Iraq today seeks, within the government program of Prime Minister Muhammad Shia’ al-Sudani, to improve the investment environment and seeks to receive private sector companies with the aim of improving the economic reality in Iraq and announcing the availability of opportunities.” Great investment.
Al-Ghurairi added, “There are many important projects in Iraq, including the development road and the railway line between Holy Karbala and Najaf Al-Ashraf,” noting “the necessity of encouraging investments from the private sector inside Iraq.”
Explaining that “Iraq seeks to increase investment projects with Arab countries,” indicating that “there are major initiatives by Arab countries and there was a great welcome by them to increase investments in Iraq and implement many economic agreements and conferences, and there are many protocols implemented with the countries of the Emirates and Qatar.”
And Egypt and the formation of committees that include delegations from businessmen and the private sector inside Iraq, and we noticed a tangible change in the management of the economic file and the general economic policy of the Iraqi state.”
He also pointed out that “the meeting came out with many decisions that were approved, including promoting intra-trade, liberalizing trade in goods, and welcoming Iraq’s accession to the World Trade Organization.”
Al-Ghurairi stressed, “This is what Iraq aspires to, as its steps have begun to convey their messages to all countries, and the Iraqi economy will witness a significant recovery during the coming period in order to achieve common interests and achieve mutual benefit between Iraq and the Arab countries.”
Al-Ghurairi pointed out that “there are rapid initiatives in infrastructure investment with the Egyptian, Qatari and Emirati sides through many agreements that were concluded during the previous period.”
While Iraq's ambitions to diversify economic sources and attract foreign investments in various sectors face a number of challenges and difficulties, especially with regard to infrastructure and legislation. https://zagrosnews.net/ar/news/50755#hathalyoum
No comments:
Post a Comment