Alaq: Next month will be a forum for foreign companies wishing to invest in Iraq

by **Rocky** Sat 24 Feb 2018, 3:38 am

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Alaq: Next month will be a forum for foreign companies wishing to invest in Iraq

by Rocky Sat 24 Feb 2018, 3:38 am

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2018/02/24 12:00

(Encyclopedia of this day , news | [You must be registered and logged in to see this link.] ) -
Economy News Baghdad:

The Secretary-General of the Council of Ministers, Mahdi Alalak, that international support for the restoration of stability in the liberated areas amounted to 600 million dollars, indicating that the grants received by Iraq amounted to 2 billion dollars and soft loans 11 billion dollars, adding that next month will be a forum for foreign companies wishing to invest in Iraq.

"International support for restoring stability in the liberated areas amounted to $ 600 million, while the government's spending to restore stability reached more than this figure by double," Al-Aallak said at a seminar organized by the Institute for Progress in Credit Policy at the headquarters of the station for entrepreneurship. Restoring stability aims to rehabilitate health centers, water, electricity, schools and others. "

He explained that "the Council of Ministers approved a package of measures to implement the partnership with the private sector, which we also discussed at the Kuwait Conference," explaining that "the grants received by Iraq at the Kuwait conference of $ 2 billion and soft loans 11 billion dollars and the rest pledges to credit facilities."

He pointed out that "the forum will be held in companies that have shown investment in Iraq during the next month and focused on investment in the housing sector," adding that "Iraq wants to build housing complexes in each province."

He noted that "during the next two weeks will be intensive meetings with Egyptian companies to invest in housing."

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