Investment Baghdad: Arab countries want to enter the Iraqi market to invest in it

Emaar Construction

Economy News _ Baghdad:

The Chairman of the Investment Commission of Baghdad, said that Arab countries are currently working to enter the Iraqi market and investment in them, stressing that the ministries are obliged to define their land for investment.

"There are international discussions with Arab companies including Saudi Arabia, Kuwait and the UAE to enter the Iraqi market and invest in it," Shaker al-Zamili, chairman of the board, told Al-Iktissad News.

He added that "many delegations that visited Iraq surprised by investment facilities through the investment law that supports the foreign investor and treats him as an Iraqi investor," pointing out that "the picture was reaching the foreign investor incorrectly about the situation in Iraq."

Al-Zamili pointed out that "the red tape and bureaucracy facing some foreign investors also affected the work of investors, and the government is currently working to end this through the activation of one window."

He stressed that "the amended investment law committed all the ministries of the state to limit its land and give it to the National Investment Commission and then to the investment bodies in the provinces to prepare an investment map."

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