PM’s Adviser details the new Qatari investments and MOUs in Iraq

 
Baghdad-INA
 
The political advisor to the Prime Minister, Fadi Al-Shammari, detailed on Saturday, the new memorandum of understanding between Iraq and Qatar, while announcing the volume of Qatari investments in the country, he set the date for the completion of their projects.
 
Al-Shammari told the Iraqi News Agency (INA): "There is a new exceptional development in the bilateral relations between Iraq and Qatar that expresses itself successively and culminated in the recent visit of the Emir of Qatar to Baghdad, and the signing of several important agreements and deep understandings in various fields,” explaining that “these agreements aim to enhance cooperation and develop various sectors in the two countries.”
 
He indicated that "In the energy and electricity sector, MOUs were signed related to the fields of electricity and construction, as well as an agreement to establish a joint oil company and build a refinery, in addition to agreements regarding the supply of crude oil and liquefied gas to Iraq, this will contribute to meeting energy needs and enhancing production capacity ".
 
He added, "The residential cities sector witnessed the conclusion of agreements to develop two model residential cities, which enjoy modern infrastructure and the capacity of each city reaches 50,000 residents, which makes the total capacity of the two cities 100,000 residents. These two cities include villas, apartments, commercial centers, hospitals, and schools,” noting that "these cities are expected to become models for the entire region, which will contribute to providing high-quality housing for citizens."
 
He continued, "It was agreed to build and develop a number of hotels in various Iraqi governorates, including five-star hotels, to fill the current deficit estimated at 10,000 hotel rooms in order to meet part of the growing needs for tourism, trade and investment in the country," noting that "this investment trend comes in light of the expected economic development in Iraq in the coming years.
 
Regarding the health care sector, Al-Shammari affirmed that "agreements have been reached with Qatari companies specialized in managing and operating a number of new hospitals, which will be opened within months," noting that "the aim of these agreements is to achieve integration between the private health system in Qatar and the sector Iraqi health care, and improving the quality of health care provided to Iraqi citizens.
Al-Shammari indicated, "The total investments in these three projects are estimated at about $7 billion, and implementation will begin directly for a period of five years," noting that "all works are expected to be accomplished in 2028."
 
"This Qatari-Iraqi cooperation in the field of investment is an important opportunity to enhance economic development in Iraq, provide new job opportunities for youth and improve the living conditions of citizens, and these huge investments will contribute to achieving sustainable growth and strengthening bilateral cooperation between the two countries," he continued.
 
With regard to coordinating positions, Al-Shammari explained that "Iraq and Qatar are working to achieve consensus on regional and international issues of common concern through bilateral consultations and participation in regional and international forums," pointing to "the unification of positions between Iraq and Qatar and their commitment to joint cooperation came in order to face regional challenges and contribute to peace and stability."