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Kuwaiti companies demand guarantees for investment in Iraq
Abdulwahab Al Wazzan, Deputy Chairman of Kuwait Chamber of Commerce and Industry, said that the Kuwaiti private sector looks forward to having clear feasibility studies and guarantees for investment in Iraq, indicating that Kuwaiti companies can participate in all fields of investment in Iraq.
He added that the private sector always looks for «because there are guarantees that give stability in the investment process .. Every investment needs stability. You can not afford to invest without any rest in how you build and build and then continue. This is the right way, these are the fundamentals on which to build your investment in Iraq. "
He added that several entities such as the World Bank, the Arab Investment Guarantee Corporation and Kuwait Fund for Development would be effective in providing guarantees for investment in Iraq. But the cover must be at the level of countries to encourage investors ... on the security side and the political side and (side) associated with the exit and entry of funds and taxes ».
Kuwaiti investors, who were investing in Iraq in the 1980s, suffered loss of much of their assets after the Iraqi invasion of Kuwait and the rupture between the two countries until 2003.
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Kuwaiti companies demand guarantees for investment in Iraq
Abdulwahab Al Wazzan, Deputy Chairman of Kuwait Chamber of Commerce and Industry, said that the Kuwaiti private sector looks forward to having clear feasibility studies and guarantees for investment in Iraq, indicating that Kuwaiti companies can participate in all fields of investment in Iraq.
He added that the private sector always looks for «because there are guarantees that give stability in the investment process .. Every investment needs stability. You can not afford to invest without any rest in how you build and build and then continue. This is the right way, these are the fundamentals on which to build your investment in Iraq. "
He added that several entities such as the World Bank, the Arab Investment Guarantee Corporation and Kuwait Fund for Development would be effective in providing guarantees for investment in Iraq. But the cover must be at the level of countries to encourage investors ... on the security side and the political side and (side) associated with the exit and entry of funds and taxes ».
Kuwaiti investors, who were investing in Iraq in the 1980s, suffered loss of much of their assets after the Iraqi invasion of Kuwait and the rupture between the two countries until 2003.
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