Iraqi Minister of Trade Atheer Al-Ghareeri revealed today, Thursday, a wide welcome and international desire to increase investments in Iraq, confirming that meetings have been held with three countries in this regard. During his participation in the 113th session of the Economic and Social Council, held at the Arab League, Al-Ghareeri stated that "Iraq today is striving, within the government program of Prime Minister Mohammed Shia’ al-Sudani, to improve the investment environment and aims to attract private sector companies to enhance the economic reality in Iraq and announce the availability of significant investment opportunities."
He pointed out that "there are many important projects in Iraq including the Development Road and the railway line between Karbala and Najaf." He emphasized the "necessity of encouraging private sector investments within Iraq."
He further added that "Iraq is seeking to increase investment projects with Arab countries," indicating that "there are significant initiatives from Arab countries, and there has been a great welcome from them to increase investments in Iraq and implement many economic agreements and conferences, and many protocols have been executed with the UAE, Qatar, and Egypt, forming committees that include delegations of businessmen and the private sector inside Iraq. We have noticed a tangible change in managing the economic file and the overall economic policy of the Iraqi state."
Al-Ghareeri noted that "the meeting concluded with many resolutions that were ratified, including enhancing inter-trade and liberalizing the trade of goods and welcoming Iraq's accession to the World Trade Organization."
He confirmed that "this is what Iraq aspires to, as its steps are beginning to send messages to all countries, and the Iraqi economy will witness a significant recovery in the upcoming period to achieve common interests and mutual benefits between Iraq and Arab countries." He indicated that "there are rapid initiatives in infrastructure investment with the Egyptian, Qatari, and Emirati sides through many agreements made during the previous period."
