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Iraq is working to establish a factory for the German Mercedes company
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Economy News - Baghdad:
The Prime Minister's advisor, Muhammad Sahib Al-Daraji, confirmed that Iraq is working to establish factories for Mercedes and MAN.
Al-Daraji said, during his visit as part of an official delegation to Saudi Arabia, “Our visit includes several goals, including visiting the factories of MAN and Mercedes companies, because there is a memorandum of understanding between the Iraqi Military Industrialization Organization and a Saudi international company to invest in building factories of MAN and Mercedes companies in Iraq.”
He added, “We discussed with the Saudi public and private sector many investment opportunities in the residential, agricultural and industrial sectors.” The Iraqi-Saudi Investment Company was also established, the Saudi Investment Protection Law was approved, and 3 billion US dollars were allocated from the Saudi side to invest in Iraq.
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Added 10/13/2023 - 1:01 AM
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Muhammad Sahib Al-Daraji
Muhammad Sahib Al-Daraji
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Economy News - Baghdad:
The Prime Minister's advisor, Muhammad Sahib Al-Daraji, confirmed that Iraq is working to establish factories for Mercedes and MAN.
Al-Daraji said, during his visit as part of an official delegation to Saudi Arabia, “Our visit includes several goals, including visiting the factories of MAN and Mercedes companies, because there is a memorandum of understanding between the Iraqi Military Industrialization Organization and a Saudi international company to invest in building factories of MAN and Mercedes companies in Iraq.”
He added, “We discussed with the Saudi public and private sector many investment opportunities in the residential, agricultural and industrial sectors.” The Iraqi-Saudi Investment Company was also established, the Saudi Investment Protection Law was approved, and 3 billion US dollars were allocated from the Saudi side to invest in Iraq.
309 views
Added 10/13/2023 - 1:01 AM
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