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The improvement of security conditions in Iraq encourages foreign investment
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| Contributor | kal |
| Last Edited | kal Sep 18, 2008 03:55am |
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| Category | General |
| News Date | Thursday, September 18, 2008 09:00:00 AM UTC0:0 |
| Description | The Iraqi economic community believed that the investment in Iraq will increase in the coming period, in the light of international companies started to study the possibility of investment in various sectors.
It is striking in this context a plan revealed by the Iraqi Oil Ministry for the construction of an airstrip for the helicopters at its headquarters to facilitate the arrival of delegations and international companies, which will start work soon in the development and rehabilitation of the oil sector.
And what enhances the expectations of these communities , the improvement in the security situation which gave the Iraqi government a greater opportunity to persuade companies to contribute in construction and reconstruction campaign, which Iraqi officials believe it needs to be developed from scratch.
A source in the Iraqi «National Board for Investment» stated that it agreed with local and international companies on implementing many projects in Iraq and granted the necessary permits, and the discussions are continuous with the German company's branch of «Mercedes-Benz» for cars and trucks in Egypt to build a branch in the province of Diwaniyah to produce Small buses. Also negotiations continue with the British - Dutch «Shell» oil company and «British Petrleom» to build oil refinery and ethylene production of urea and other petrochemicals.
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