Economy News Baghdad:
The adviser to the Prime Minister, Mohammed Sahib Al-Daradji, confirmed that Iraq is working on establishing factories for Mercedes and Man.
During his visit as part of an official delegation to Saudi Arabia, Al-Daradji said, “Our visit includes several objectives, including visiting the factories of Man and Marseedes companies because there is a memorandum of understanding between the Iraqi Military Manufacturing Organization with a Saudi international company to invest in the construction of factories of Man and Marseeds companies in Iraq.”
He added that we discussed with the Saudi public and private sectors in many investment opportunities in the residential, agricultural and industrial sectors. The Iraqi-Saudi Investment Company was also established and the Saudi Investment Protection Law was approved and $3 billion was allocated from the Saudi side for its investment in Iraq.
