Al-Sudani: Foreign investments in Iraq reached 62 billion dollars
Al-Sudani: Foreign investments in Iraq reached 62 billion dollars
2024-11-29
Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani confirmed on Thursday evening that the country has a safe and attractive environment for investment, while pointing out that foreign investments in Iraq amounted to about 62 billion dollars.
This came during Al-Sudani’s participation in the Iraqi-Spanish Economic Forum, which was held by the Spanish Chamber of Commerce in Madrid, in the presence of an elite group of businessmen from both countries.
The Prime Minister participated in the opening session, which included a discussion seminar devoted to economic relations and bilateral partnerships between Iraq and Spain in all fields, and discussing mechanisms to enhance the volume of trade exchange between the two countries .
Al-Sudani said in a speech at the forum: “ Our government came two years ago to present a new vision for the advancement of the Iraqi economy. Our country produces 4 million barrels of oil per day, and it is the third-largest producer within OPEC Plus. We have a large reserve of oil and gas, awaiting optimal investment.”
He added: “We have proceeded with the development road project, which represents the least expensive corridor between the East and the West, and it establishes economic cities in Iraq. Around $100 billion has been allocated over 3 years to implement infrastructure projects, which is a suitable ground for the participation of Spanish companies.”
Al-Sudani continued: “We agreed on a railway project between Basra and Iran with a Spanish company for about $250 million, in addition to the coalition negotiating the (Karbala-Najaf) train, which includes Spanish companies.”
shafaq.com
