TNT:
Tishwash: Al-Sudani: The investment environment in Iraq has become promising, welcoming and open
On Thursday, Prime Minister Muhammad Shiaa Al-Sudani described Iraq’s investment environment as “promising, welcoming and open after the financial, administrative and banking reforms carried out by the government he heads.”
This came during his reception of a delegation from the Turkish company Limak, which specializes in transportation and construction projects, headed by the company’s founder Nihat Ozdemir, according to a statement issued by the Presidency of the Council of Ministers.
At the beginning of the meeting, Al-Sudani pointed out the investment and development opportunities that the company can contribute to in Iraq, especially in the areas of infrastructure and transportation projects, and what is related to the development road projects and the Grand Al-Faw Port, as well as road, bridge and industrial city projects in various governorates.
The Iraqi Prime Minister reiterated the government’s welcome of companies with high technical and operational experience, explaining that the investment environment in Iraq has become a promising, welcoming and open environment, especially after the financial, administrative and banking reforms took their course, and the private sector was qualified to conclude fruitful partnerships with international companies. link
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Tishwash: A new step by the government to attract foreign investments
Deputy Prime Minister and Minister of Oil, Hayyan Abdul-Ghani Al-Sawad, revealed today, Wednesday (February 28, 2024), the government’s intention to amend the investment law to facilitate the work of companies that wish to enter Iraq.
Al-Sawad said during an interview with “Baghdad Today” that “the government is determined to amend the investment law in Iraq, in a way that ensures the process of attracting companies,” indicating that “there are some observations on the current investment law, and accordingly we proceeded to propose some amendments, and they will be studied to proceed with drafting the amendments.” necessary from the government in preparation for sending the amendments to Parliament for passage.”
The Deputy Prime Minister stated, “Investment in the refinery sector is our most important priority in the Ministry of Oil, and therefore the government seeks to develop all aspects of the country, and one of the most important ways of development is to work to find an investment law that will be attractive to companies to work in Iraq.”
According to specialists in economic affairs, the country’s investment law is one of the best laws that can attract capital and international companies, in addition to being appropriate to the economic reality.
They stressed that the advantages provided by the law were not optimally exploited to bring about broad development or reconstruction moves, and the provisions of the laws were not widely exploited except in the oil field, pointing out that legal legislation alone is not sufficient for the inflow of investment capital into the country. link
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Tishwash: Barzani discusses in Washington the importance of ensuring the region’s share of the budget and protecting its security
The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, discussed in Washington, today, Wednesday (February 28, 2024), with a member of the Foreign Relations Committee in the US Senate, Senator Tammy Duckworth, the controversial issues between Baghdad and Erbil.
The regional government said in a statement received by “Baghdad Today” that Barzani “during the meeting briefly touched on the general situation in Iraq, and the importance of resolving the controversial issues between the Kurdistan region and the federal government, in a way that guarantees the region’s financial rights, secures its share of the budget, protects its security and stability, and preserves the region’s financial rights.” rights of all its components.
Senator Tammy Duckworth, according to the statement, renewed her support for the Kurdistan region, and also stressed that she will make every effort to protect the Kurdistan region and address the controversial issues between the region and the federal government.
It is noteworthy that Barzani has been continuing for days during his ongoing visit in Washington a series of meetings and meetings with officials in the American government and members of the Senate and Congress, and his discussions focus on bilateral relations between the region and the American side and discussing the outstanding issues between Kurdistan and Baghdad. link
