[size=36]Economic Council: Iraq will hold a reconstruction conference in the presence of Egyptian companies[/size]
Economy | 09:18 - 26/03/2019
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BAGHDAD (Reuters) -
Iraq will hold an economic conference in Baghdad on April 7, 2019, in the presence of Egyptian companies from all sectors, the head of the Iraqi Economic Council, Ibrahim al-Baghdadi, announced Tuesday.
"The latter participated in the events of the Iraqi-Egyptian economic forum with the official delegation of the government and businessmen," a statement issued by the council said. "The meeting resulted in another meeting in Baghdad on 7/4/2019. , Where a conference will be held for the reconstruction of Iraq and the presence of several Egyptian companies from all sectors.
The delegation was headed by Prime Minister Adel Abdul-Mahdi, who included the Minister of Oil Thamer, Minister of Foreign Affairs Mohammad Ali Al-Hakim, Minister of Planning Nuri Sabah Al-Dulaimi, Minister of Industry Saleh Abdullah Al-Jibouri, Minister of Construction and Housing, Minister of Justice, , Minister of Trade and Industry Mohammed Abdulrahman Majeed, Minister of Higher Education and Scientific Research Qusay Abdul Wahab Al-Suhail, Minister of Communications Naeem Thajil, Minister of Labor and Social Affairs Basem Abdulzaman Majeed, Iraqi Member of Parliament Ala Talabani, The head of the army's staff, Othman al-Ghanmi, the head of the National Investment Authority Sami Raouf al-Araji, the deputy interior minister Aqeel al-Khazali, the head of the National Security Agency, And Deputy Minister of Finance Maher Hammad Johan.
The statement pointed out that "the participation of (12) businessmen within the Iraqi delegation are the President of the Iraqi Economic Council Ibrahim Masoudi (Baghdadi), the President of the Federation of Iraqi Industries Ali Sobih, and the President of the Iraqi Contractors Union Ali Fakhir Snafi, and the President of the Federation of Chambers of Commerce Abdul Rahman Al-Zuhairi, Vice President of the Association of Iraqi Banks Ali Muftan Al-Rubaie, member of the Energy and Iron and Steel Industry and Cement Iraqi Economic Council Ahmed Ismail Saleh, First Deputy Chairman of the Iraqi Economic Council Saadi Wahib, Second Deputy Chairman of the Iraqi Economic Council Ali Fadel Shamara, Iraqi politician Mahmud Raouf Karim al-Barzanji, member of the Iraqi Economic Council Mohammed Abdul Latif al-Banna, member of the Iraqi Economic Council Saad Tayeb Hussein, and contracting and general trade Daham al-Kaoud.
He explained that "Egyptian businessmen stressed the importance of Egypt's return to the Iraqi market, whether through intra-trade or open investment opportunities there to contribute to the reconstruction of Iraq and the building of a" new Iraq. "Adding that" the first steps of the economic and trade forum between Egypt and Iraq, The two countries, are back again to Baghdad. "
For his part, President of the Federation of Chambers of Commerce, Ahmed Wakil, according to the statement, that "the Union consulted with officials in Iraq in general on the possibility of joint action to establish an integrated partnership ultimately lead to benefit from the comparative advantages of countries in all sectors."
He added that "future meetings between the Egyptian and Iraqi parties will also see consultation on guarantees and facilities to activate joint trade again."
"There are excellent investment opportunities for Egyptian businessmen in Iraq," Ahmed Al Suwaidi, head of the Egyptian side of the Egyptian-Iraqi Business Council, said. "There are other meetings with officials and investors to discuss the opportunities."
"A three-way summit was held in Cairo, which included Prime Minister Adel Abdul-Mahdi, Egyptian President Abdel Fattah Al-Sisi and Jordanian King Abdullah II. The summit issued a final statement, the most important of which was the promotion of integration and economic cooperation between the three countries, And cooperation in the energy, infrastructure, reconstruction and other sectors of development cooperation, in addition to increasing trade exchange, promoting joint investments and developing cultural cooperation relations among them. "
It also discussed the practical steps for Egypt's participation in the Iraqi-Jordanian oil pipeline project, which will extend from West Thar Tharhar Lake to the northwest of Baghdad and extend through Anbar province to Aqaba port on the Red Sea. Egypt will begin planning the pipeline from Aqaba to Sinai "He said.
It also decided to "set up a working group to follow up the work of this summit under the auspices of the three leaders to coordinate economic, development, political, security and cultural cooperation, and agreed to resume the meeting at a date and place to be agreed upon."
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