Parliamentary Finance: 30 countries are racing to invest in Iraq, 18 feb

 Parliamentary Finance: 30 countries are racing to invest in Iraq

Economy News - Baghdad

A member of the Parliamentary Finance Committee, MP Mudar Al-Karawi, on Sunday, there is a desire for 30 countries to create a strategic partnership with Baghdad in 6 vital sectors.

Al-Karawi said in an interview followed by "Economy News", that "the security factor no longer worries these countries, especially after achieving high rates of stability in the past four years."

He added that "half of this number of countries, are European and Asian countries, want to invest in the fields of energy, trade, transport and building economic cities," pointing out that "the path of development will be the beginning of the road towards building a diversified economy in the country."

He pointed out that "the volume of investments in Iraq has escalated in the past two years at remarkable rates, especially local investment, which indicates the existence of confidence and reassurance pushing businessmen to compete for investment licenses in various sectors.