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Saleh: Sudanese’s visit to Washington is an “important transition” on the economic and investment levels
Economical 04/24/2024
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The financial advisor to the Prime Minister, Mazhar Muhammad, considered Al-Sudani’s visit to the United States of America an “important transition” in the level of economic and investment relations between the two countries.
Saleh told Al-Sabah: “This visit encouraged major technology companies in America to take on their vital role in the fields of reconstruction and building productive economic partnerships with the activities of the branches of the national economy, especially the private sector.”
He added, "This visit is in the interest of strengthening the fabric of bilateral relations between the two countries, the starting point and objective basis of which remains the strategic framework agreement signed between Iraq and America since 2008," noting that it is "a basic introduction to activating the investment climate and paths of economic cooperation in vital and important areas, foremost of which is energy." science and technology.”
Saleh explained that “financial and banking cooperation will form an important pillar in supporting America’s efforts to support and strengthen the financial and banking market in Iraq,” noting that “the launch of a project to protect and maintain the investment environment in our country and improve government services for foreign investors, especially the investor sector from America, represents the launch of solid official directions.” “In building strong pledges that support the stability of foreign investment activity.”
The financial advisor stated, “This trend is an indication of providing opportunities for success for the work of investors, which requires providing a smooth and easy climate free of inherited bureaucratic obstacles that in the past delayed investment activity in our country and led to adding high and exceptional burdens and costs to the accounts of investment projects, which in the literature has been called the cost of Iraq.” Which means the cost of investment risks outside global measurements. He believes that "the Prime Minister's pledge means that the executive authority will become the direct supervisor of the work of American investors in the selected investment fields in our country.
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