Al-Kadhimi: The doors of Iraq are open to investment and American companies in particular

Al-Kadhimi: The doors of Iraq are open to investment and American companies in particular

07-28-2021 12:51 AM

Al-Kadhimi - The doors of Iraq are open to investment and American companies in particularPrime Minister Mustafa Al-Kazemi spoke during his meeting with the Businessmen Forum and the American Chamber of Commerce, indicating to them that Iraq’s doors are open to investment, and American companies in particular.

He added, “The Iraqi government has taken bold measures towards real reforms in the economy, the most important of which is strengthening credit activity in the banking sector, and we have begun to address weak infrastructure despite the budget deficit, by encouraging private sector investments.”

He continued, “The government has put forward clean energy projects through competitive and transparent bidding, which resulted in attracting the largest international companies in the field of solar energy, and we are now in negotiations with the largest international companies to grant 7,500 megawatts in the field of solar energy during the next two years.”

And Al-Kazemi said, “The government has begun to address the housing crisis through a package of measures, the most important of which is the initiative of government banks, and a number of private banks to offer low-cost and long-term loans to support the purchase of housing units, and this will also help encourage investment in the real estate sector, and this initiative helped activate a number of discontinued projects.

He stated that “corruption is being fought and state resources are preserved, and one of the most important measures is the cancellation of licenses in fake and lagging projects that are behind the mafias of economic and political corruption,” noting that ” in a short period we have achieved great progress in the investment sector, and there is great work in the field of oil and energy.” And clean energy in particular. We have launched strategic projects in the field of gas and the investment of associated gas, in cooperation with American companies.”

He also said that “Iraq’s doors are open to investment, and American companies in particular, and our vision is serious in relying on Western investments instead of others, and we need your cooperation in order to achieve this.”

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