Iraq Fund for Development and Elsewedy Electric sign a memorandum of understanding

Local

21-10-2024, 13:31

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INA- BAGHDAD

The signing of a memorandum of understanding with Elsewedy Electric was announced by the Iraq Fund for Development on Monday.

"The Iraq Fund for Development signed a memorandum of understanding with Elsewedy Electric," said the Iraqi News Agency (INA) reporter.

He went on, "The memorandum aims to establish an Iraqi investment fund under the name of the [Resettlement Fund] in order to attract investments from both domestic and foreign sources in order to develop strategic projects in multiple sectors and to develop economic alternatives in a variety of fields in order to lessen reliance on oil."