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Davos in Iraq in the future
Economical 01/21/2024
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Yasser Al-Metwally
The Davos Forum is one of the most important opportunities aimed at creating investment partnerships between countries through their companies searching for opportunities.
Iraq is an undisputed land of opportunity due to the extent of the need to rebuild a country that possesses enormous untapped wealth.
In the year 2019, on the sidelines of the Davos Forum meetings in the capital, Amman, I wrote an article titled (Davos and Others), in which I called for Iraq to have a loud voice in this forum, based on the countries’ need for promising investment opportunities.
For this purpose, I chose the title of this article
Will Iraq host Davos in the future?
To discuss the content of this invitation, let us look to the role that Iraq played during its participation in the Davos meetings during these days in the year 2024.
We notice through the activities undertaken by the government delegation headed by the Prime Minister, and I mean exclusively related to the economy and its financial and investment aspects, which we capture through various media outlets, that they reflect the extent of the Iraqi interest and desire for the need to expand the circle of partnerships with interested countries, or let us say those searching for investment opportunities, and it appears that The government delegation's movement is solid in this important aspect and has achieved an important achievement.
But here we note some observations about the nature of this participation from the standpoint of the absence of an important element, namely the private sector.
This point of view stems from the fact that the Davos forums were not purely official, meaning that the attendance of governments was symbolic, while the private sector (large companies) took care of all the details and organization arrangements.
Therefore, it was necessary for the Iraqi delegation to include representatives of businessmen who own companies.
That is, a real private sector to know the government’s directions, the country’s need, and the countries’ needs for investment, on the basis that when international companies decide to invest in developing countries, their first requirement is to search for local partners (private sector) to help implement their projects, and here the importance of my observation about the nature of participation emerges.
Here it must be pointed out that our calls were continuing, in this same area of the page, for any government delegation to perform an economic mission to include an elite group of businessmen (private sector), and we praised one initiative undertaken by the former government, which included businessmen within its delegation, bearing the title of the New Ambassadors of Iraq. We mean investment messengers (businessmen) and the search for real partners.
Given the importance of this aspect, and regardless of the absence of the private sector from this most important event, I call here today for Iraq to host the Davos meetings in the future, so that countries and their companies will be close to the land of opportunities. This mission is sponsored by the government and organized by well-known Iraqi companies, with government support, in order to reach solid understandings and partnerships that we can. Through it, lay the sound and correct foundations for rebuilding Iraq in a way that lives up to its potential, history, and future.
We will return to evaluate the performance of the Iraqi private sector, its size, and its impact on achieving construction and development in future articles.
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