PM: investment in Iraq is open

politics/Economy

28-07-2021, 02:33

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Baghdad-INA

Prime Minister Mustafa Al-Kadhimi confirmed that Iraq's doors are open to investment, while noting that the Iraqi government has taken courageous measures towards real reforms in the economy.

Al-Kadhimi said, during his meeting with the Businessmen Forum and the American Chamber of Commerce, in a statement that "the Iraqi government has taken bold measures towards real reforms in the economy, the most important of which is strengthening credit activity in the banking sector," noting that "we have begun to address the weakness of infrastructure despite the budget deficit, by encouraging private sector investments.

He added, "The government has proposed clean energy projects through competitive and transparent bidding, which resulted in attracting the largest international companies in the field of solar energy, and we are now in negotiations with the largest international companies to grant 7,500 megawatts in the field of solar energy during the next two years.