Size of Iraqi funds invested in Egypt outweigh the "400 million" dollars

Size of Iraqi funds invested in Egypt outweigh the "400 million" dollars
 
15-05-2014 01:15 PM
 
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Revealed the charge d'affaires of Egypt in Iraq Nabil Makki, that the volume of investment funds Iraqi companies in Egypt amounted to more than 400 million dollars, and pointed out that the volume of trade exchange between the two countries reached 670 million dollars, while pointing out that the number of Iraqi companies reached 3288 company. 
said Nabil Makki The 'Iraqi companies have had a positive impact in participating to the development of the Egyptian market as it was for Egyptian companies also have a role in the development of the Iraqi market', noting that 'the number of companies investing in Egypt stood at 3288 company in various fields invest funds exceeded 400 million dollars, what makes Iraq in the forefront of countries invested in the Republic '. 
added Mackie that 'recent statistics of the Egyptian government showed that the volume of trade exchange between Egypt and Iraq from April 2013 until April 2014 amounted to 670 million dollars in various sectors Kalchied, construction, infrastructure, electricity, pharmaceuticals and cement in the telecommunications and IT information in the field of export, import and trade ', noting that' the partnership came across compatibility opportunities and business ideas that do not never get out of the frames think the advancement of the market for both countries. " 
He Mackie that 'an Iraqi delegation high-level of the National Investment Commission visited Cairo recently briefed on the highlight investment opportunities in Egypt who wish to participate in the investment of Iraq, as well as see the size Egyptian expertise in trade and investment and the possibility of transfer to the Iraqi market. " 
It is noteworthy that Egypt announced on 23 March 2013, to send an economic delegation to Iraq includes Minister of Planning and the governor of the central bank and economists to agree on the details of the deposit Iraqi foreign currency at the Central Bank in order to support the Egyptian economic semi-collapsed because of the protests and continuing unrest in the country for more than two years. 
to it and signed Egypt, Iraq, the first Monday in Amman cooperation agreement aimed at the development of bilateral economic, industrial and commercial between the two countries, comes the belief of the importance of Egyptian-Iraqi relations, which is a role model for strong relationships and close since ancient times. 
agreement was signed on the Egyptian side, Dr. Walid Al Hilal Chairman Export Council for chemical and fertilizer in and signed by the Iraqi side, Secretary of the Business Association of the Iraqi Mohammed Sabri on the sidelines Exhibition Jordan International Industries, organized by the group (prospects) to the media and conferences. 
Both sides agreed on the preparation of studies and propose plans and programs, including technical support programs, to ensure that the increase in the volume of bilateral trade between the two countries and cooperation to develop and raise the efficiency of the transport system and the system of logistics so as to contribute positively to facilitate the transfer of goods and commodities between them and the need to take advantage of investors from both sides of the trade agreements signed between them. 
confirmed newborn that the Convention - which of up to one year starting from the date of signing by the parties and renewable - provides for the representation of industrial society, trade and investment in front of local and international and study the problems of a community Manufacturers, investors and traders in both countries and to develop proposals to solve them and submit them to the competent authorities to overcome all obstacles.


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