Parliamentary Investment: Iraq will become an arena for foreign companies to compete

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[size=52]Parliamentary Investment: Iraq will become an arena for foreign companies to compete[/size]

[size=45]The Parliamentary Investment and Development Committee confirmed that during the next stage, Iraq will be an arena for foreign companies to compete for various investments, while an economic expert refutes this belief.[/size]
[size=45]Committee member Muhammad Al-Ziyadi said, “Iraq has many and great investment opportunities in various sectors and in various Iraqi governorates, especially the industrial and agricultural sectors and the various energy fields, and the Sudanese’s recent visit to Washington will greatly open the door to the work of these companies.”[/size]
[size=45]Al-Ziyadi stated, “The Iraqi investment arena is not limited to a specific company, but rather it is open to the work of all foreign and Arab companies, and in the next stage, Iraq will be an arena for foreign companies to compete for various investments, and this is certain to have great economic benefits for Iraq, and the development of sectors, and there may be a joint opportunity.” Between foreign and governmental sectors or foreign and Iraqi private sectors.”[/size]
[size=45]During its visit to Washington, the Iraqi delegation, headed by Muhammad Shiaa Al-Sudani, signed 18 memorandums of understanding in various sectors, specifically medicine, oil and industry. In the same context, economic expert Nabil Al-Marsoumi refutes the common belief that Iraq has become an attractive investment environment, and that there are dozens of American companies that want to invest in Iraq and that there are 4,000 billion dollars waiting to enter Iraq to invest in it.[/size]
[size=45]Al-Marsoumi said, “Such proposals lack scientific, professionalism and professionalism because investment in Iraq is still high risk for individuals and money, especially with the spread of weapons and the lack of a rational state to whose authorities everyone is subject, in addition to the high level of corruption, bureaucracy, red tape, and the backwardness of the banking system and infrastructure.” The forefront of which is electricity.” He added, “It is known that investment is related to expectations, and investors cannot make long-term predictions in a turbulent environment, especially since the global foreign capital available for investment is scarce and competed for by various countries that are trying to provide packages of benefits to it, including granting investment licenses in just one day, while they need For several months in Iraq, and these reasons are what explain the presence of about 100 billion dollars employed by Iraqi businessmen in many countries, most notably Jordan, the Emirates, and Turkey.”[/size]
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