The Executive Authority will assume direct oversight of foreign investors' work, says PM advisor

 
Baghdad-INA

The Advisor to the Prime Minister for Financial Affairs, Mazhar Mohammad Saleh, announced on Saturday, the commencement of a comprehensive set of directives and commitments aimed at bolstering stability of foreign investment activity in Iraq. Saleh underscored that the executive authority will now directly oversee the work of foreign investors.

In a statement to the Iraqi News Agency (INA), Saleh emphasized, "The launch of the project to safeguard and enhance the investment environment in our nation, coupled with efforts to streamline government services for foreign investors, particularly US investors, signifies the initiation of a robust government-led initiative to support and sustain foreign investment activity. This initiative is geared towards advancing the nation's developmental, progressive, and economic prosperity objectives unequivocally."

The commitment by the Prime Minister to cultivate a favorable working climate for U.S. investors, Saleh noted, serves as a pivotal governmental measure aimed at mitigating risks and alleviating financial burdens associated with investment projects. This commitment, he added, empowers the executive authority to directly oversee the activities of American investors in select sectors, ensuring the provision of protective measures to safeguard investments.
 
Prime Minister Mohammed Shia' al-Sudani, during his recent visit to the United States and meetings with prominent American corporations, reiterated the government's unwavering commitment to providing requisite facilitations for foreign companies operating in Iraq. Al-Sudani emphasized the government's dedication to extending support and fostering an enabling investment environment.
 
These initiatives form part of broader efforts by the Iraqi government to attract increased foreign investment and stimulate economic activity within the country.