FM Hussein confirms Iraq’s readiness to provide facilities for investment companies in Iraq

 
Baghdad-INA
 
Foreign Minister Fuad Hussein affirmed the government's readiness to provide facilities for investment companies in Iraq, while noting that the Iraqi government's priorities focus on building the economy, providing services, and developing the private sector.
 
A statement of the Ministry of Foreign Affairs-MOFA, received by the Iraqi News Agency (INA), stated that "the American Chamber of Commerce hosted Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein and his accompanying delegation," noting that it "organized an expanded meeting of the US-Iraqi Business Council, which included a large group of American companies." specialized in various fields.
The Chairman of the US-Iraqi Business Council, Steve Lutes, stressed "the importance of Iraq and the investment opportunities available in it, and also stressed the participation of American companies in investing and strengthening and intensifying joint cooperation in various sectors."
 
In turn, Hussein said in his speech during the session that "Iraq is open to foreign companies and provides the necessary facilities for investment in various fields, and focus on the importance of cooperation and strengthening bilateral relations in the economic aspect with the United States."
 
He continued, "As the American side previously provided assistance and support in the field of combating terrorism and eliminating terrorist gangs of ISIS, and now we aspire to build and develop the Iraqi economy and move to the stage of economic cooperation," noting that "the purpose of the visit to Washington is to enhance cooperation and economic partnership."
 
He stressed that "The priorities of the Iraqi government focus on building the economy, providing services, developing the private sector, and raising the level of income for the Iraqi citizen," "The Iraqi economy depends heavily on oil, and the risks of dependence on oil through international prices require diversification of sources, resources, and investment in various sectors." 
 
The Minister reviewed the steps taken to implement the electrical connection with Jordan and the Kingdom of Saudi Arabia. He also indicated the importance of investment in the field of the agricultural sector, which is an important sector that includes great investment opportunities with the presence of basic resources. Likewise, the tourism sector represents a great investment opportunity for companies, since Iraq includes many holy shrines and tourist places, and therefore the development of infrastructure within this sector contains great opportunities for investment.