Al-Sudani: In support of the private sector, up to 85% of the cost of any project implemented inside Iraq will be given
Al-Sudani: In support of the private sector, up to 85% of the cost of any project implemented inside Iraq will be given
28/12/2023
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani called on Spanish companies to contribute to investment projects in various fields in Iraq.
A statement issued by the Iraqi government, a copy of which was received by NRT Arabic, stated that “Al-Sudani met with a number of businessmen, representatives of specialized Spanish companies, and Iraqi businessmen, in the presence of Spanish Prime Minister Pedro Sanchez.”
Al-Sudani pointed out that “Spanish companies represent a priority in cooperation as a result of the reputation and experience they possess, especially in the railway and transportation sector worldwide,” noting that “development projects and accompanying investment opportunities are now open and available, and are under design and understanding.” With international financial institutions for the purpose of directing implementation.”
In his conversation with representatives of companies and businessmen, the Prime Minister renewed his reference to railway connectivity projects, such as the Najaf-Karbala line and the Baghdad Metro project, which will be announced within a few months, and that he looks forward to it being the first of extended cooperation between Iraq and Spain.
Al-Sudani pointed out, “Projects such as the rehabilitation of Baghdad International Airport, the five residential cities, and the ten new cities, which will be announced soon, and that Spanish companies are invited to participate in these opportunities, especially with the creation of the investment environment and facilities for foreign companies, and partnership opportunities with the private sector.” “The Iraqi.”
He also pointed out, “Opportunities for the industrial sector, stressing that the government provided support to the private sector by giving sovereign guarantees of up to 85% of the cost of any project implemented inside Iraq in partnership with foreign companies, while the investor bears the remaining percentage.”
Al-Sudani concluded his speech by pointing out, “The government’s efforts in developing the energy sector and renewable energy, and it continues to improve and increase production, in a way that prepares a solid infrastructure for the prosperity of the business sector, and that there is a trend towards adopting solar energy, and we have also laid important foundations for improving the investment environment.” It was supported by a package of commercial and economic laws, and those related to double taxation, calling on Spanish companies to reserve their places in the free zones, in light of ensuring international standards for the financial and banking sectors and other services.
The meeting was attended by representatives of the Spanish companies Andra, Conso Trans Group, Nvantia, Copasa, Aquip Ceramics, Novargy, Thomas Yavdor Engineering, and Escribano Mechanical Engineering.
nrttv.com
