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Haider Makiya: Iraq is an “important destination” and we are witnessing an improvement in the investment climate
The first 06/27/2024
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The head of the National Investment Commission, Haider Makkiya, stated that the improvement in the investment climate inside Iraq reflects the government efforts made to strengthen the economic and investment sector, while he stressed that Iraq has become an important investment destination in the region.
The National Investment Commission organized a conference attended by Al-Sabah yesterday, Wednesday, under the title of mediation “New Horizons” to facilitate business and retain investors in Iraq.
Makiya explained, in his speech, that the conference aims to introduce the importance of Iraq’s accession to the international settlement agreement resulting from mediation (the Singapore Agreement), as the accession document was signed last April in New York City in coordination with the Iraqi representation at the United Nations in conjunction with the visit of the Prime Minister. To Washington.
He added that the agreement contributes to achieving sustainable development goals and encouraging the increasing use of international mediation as an effective means of settling cross-border disputes with the aim of maintaining commercial relations between the parties involved in the investment process.
For his part, the representative of Prime Minister Nasser Al-Asadi stressed the importance of the agreement that keeps disputes away from complex judicial procedures at a time when we are witnessing important achievements on the economic level through the projects implemented and being completed.
Al-Asadi explained that the agreement is an important instrument to enhance trade and provide a special framework to enhance investments and aims to find a consensual formula without imposing a decision on the opponents.
As for the European Union Ambassador, Thomas Seiber, he said: We seek to grow and develop the economy, and we welcome the initiative of Prime Minister Muhammad Shiaa Al-Sudani, and we find that the signing of the agreement is important and enhances Iraqi economic capabilities. He explained that we are working with the government to create a safe climate to attract investments that achieve sustainable development, pointing out the importance of strengthening Iraqi international relations and that adopting international agreements in Iraq encourages the global economic community to enter Iraq.
The United Nations Resident Representative in Iraq, Oba Lats, explained the importance of the agreement, which comes from the fact that it is concerned with investment and resolving disputes in a quick and uncomplicated time and is low-cost by adopting mediation in a way that suits the interests of investors.
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