Investment Authority: Iraq is keen to provide indicators of a safe environment

Baghdad-INA 

The head of the National Investment Commission, Haider Muhammad Makiya, confirmed today, Thursday, Iraq's keenness to provide indicators of a safe environment for investment.

The authority stated, in a statement received by the Iraqi News Agency (INA), that "Makiya received the Ambassador of the State of Kuwait to Iraq, Tariq Abdullah Al-Faraj, and they discussed developing investment and economic relations between Baghdad and Kuwait.".

Makiya said, according to the statement, that "Iraq is keen to provide indicators of a safe environment for investment with standards of sustainability in investment projects, which are a vital tributary to the state budget," noting that "the commission implements a policy of openness in dealing with foreign and local companies and investors and granting investment licenses in accordance with the investment law." No. (13) for the year 2006 as amended.

He added, "The National Commission is leading major strategic projects in Baghdad with the rest of the investment commissions in the provinces and has announced great investment opportunities for (5) new cities in the provinces of Baghdad, Holy Karbala, Babel, Anbar and Nineveh.".

For his part, the Kuwaiti ambassador expressed his thanks to the Chairman of the National Investment Authority for his interest in expanding transactions with international investment companies, including Kuwaiti ones.