MOC: International welcome and desire to increase investments in Iraq

Baghdad - INA

The Minister of Commerce, Atheer Al-Ghurairi, revealed today, Thursday, a wide welcome and international desire to increase investments inside Iraq, while confirming the holding of meetings with 3 countries in this regard.

Al-Ghurairi said during his participation in the 113th session of the Economic and Social Council, which was held at the Arab League, in a speech followed by the Iraqi News Agency (INA): “Iraq today seeks, within the government program of Prime Minister Muhammad Shia al-Sudani, to improve the investment environment and seeks to receive private sector companies with the aim of improving economic situation reality in Iraq and the announcement of the availability of great investment opportunities.".

He added, "There are many important projects in Iraq, including the development road and the railway line between Holy Karbala and Najaf Al-Ashraf," noting "the necessity of encouraging investments from the private sector inside Iraq.".

He added, "Iraq seeks to increase investment projects with Arab countries," noting, "There are major initiatives by Arab countries, and there was a great welcome from them to increase investments in Iraq and implement many economic agreements and conferences, and there are many protocols implemented with UAE, Qatar, and Egypt formed committees that included delegations from businessmen and the private sector inside Iraq, and we noticed a tangible change in the management of the economic file and the general economic policy of the Iraqi state.”.

He pointed out, "The meeting came out with many decisions that were approved, including enhancing intra-trade, liberalizing trade in goods, and welcoming Iraq's accession to the World Trade Organization.".

He stressed, "This is what Iraq aspires to, as its steps have begun to convey their messages to all countries, and the Iraqi economy will witness a significant recovery during the coming period in order to achieve common interests and achieve mutual benefit between Iraq and the Arab countries.".

He pointed out that "there are rapid initiatives in infrastructure investment with the Egyptian, Qatari and Emirati sides through many agreements concluded during the previous period."