Iraq News Agency

A Seminar in Washington To Call on US Companies to Contribute to The Reconstruction of Iraq

To stimulate US companies and introduce them to the opportunities available in Iraq, the US Chamber of Commerce in Washington prepared a dialogue seminar with the President of the Reconstruction Fund for the affected areas, Dr. Mustafa Al-Hiti.

“The reconstruction of what is destroyed by terrorism and the rehabilitation of Iraqi infrastructure to serve the present and future of the country requires a collective effort and international cooperation. The investment opportunity available in Iraq is great and the government projects are many and varied, including different sectors,” he said.

Despite the many promises made by a number of countries at the Kuwait conference and the large participation of the private sector and investors, US companies remain hesitant, and their appetite for investment in Iraq remains weak, said the head of the Reconstruction Fund for the Affected Areas.

For their part, the heads of some US companies praised the measures made by the Iraqi government over the past years to facilitate the work of investors, demanding more legislation that can reduce the bureaucracy and accelerate the pace of completion of projects.

Some companies complain about the slow process of granting visas to Iraq, stressing the need to visit the country and see the investment climate before embarking on the implementation of large projects.

The US Chamber of Commerce, in cooperation with the State Department, is organizing a trip for representatives of dozens of US companies to visit Iraq from December 9 to 11. The visit aims at introducing investors to the opportunities available in Iraq and informing them of the security, political and social situation closely. Source