Central Bank Governor confirms Iraq's keenness to benefit from Egyptian investments

Baghdad-INA

Governor of the Central Bank, Mustafa Ghaleb, affirmed Friday Iraq's keenness to benefit from the Egyptian Investment Authority.

Media office of the Central Bank stated in a statement received by the Iraqi News Agency (INA), that “the Governor of the Central Bank, Mustafa Ghaleb, met Counselor Mohamed Abdel Wahab, CEO of the Egyptian General Authority for Investment and Free Zones, and in the presence of the Ambassador of the Republic of Iraq in Cairo Ahmed Nayef Rashid Al-Dulaimi and its permanent representative to the League of Arab States, and a cadre of the embassy, at the headquarters of the General Investment Authority in Cairo.

 According to the statement, the Governor of the Central Bank expressed his sincere appreciation and happiness for the warm reception he saw in Egypt, pointing out that "the welcome demonstrates the depth and solidity of the brotherly relations between the two brotherly countries that extend throughout history."

 The Governor of the Central Bank praised "the development witnessed by the Arab Republic of Egypt in all sectors, especially the business and investment sector, stressing" Iraq's keenness to take advantage of the capabilities available at the General Investment Authority and its training academy.

 For his part, Counselor Mohamed Abdel Wahab reviewed the Authority’s achievements and its work plan in light of the new Egyptian investment law, explaining that “the frequent coordination with brotherly Iraq comes with the aim of activating bilateral cooperation mechanisms in the fields of infrastructure, electricity, and real estate development, and maximizing mutual benefit from the experiences of the two countries in developing economic legislation, in a way that contributes to create a business environment for investors on both sides.

 He referred to "Egypt's desire to work in the promising Iraqi market, which has become ready after defeating terrorism."

 The statement added, "Counsellor Mohamed Abdel Wahab, accompanied Mustafa Ghaleb, and the accompanying delegation, on a tour inside the corridors of the General Authority for Investment and Free Zones, to get acquainted with its facilities and working mechanisms.”

 At the end of the meeting, the CEO of the Egyptian General Authority for Investment and Free Zones presented a shield of appreciation to the Governor of the Central Bank.