Iraq is going to attract big investors
14/12/2017 12:00 am
After the final victory
Baghdad / Farah Al-Khafaf
As the government, after winning the final victory on "Dahesh", sought to attract major investors in the region and the world,
a financial expert urged quick amendments to the investment laws and regulations and made them more flexible with a plan to launch a real partnership between the public and private sectors.
Thamer Al-Azzawi told Al-Sabah: "The discussions currently being held between the decision-makers in the country, traders, investors and representatives of the private sector, including working to promote the Iraqi economy through the launch of a package of reforms during the next year."
"These steps are positive, and they can move the Iraqi market, but the most important element is to build confidence, and therefore should start implementation on the ground, so as to be a magnet for investors."
"It will open new horizons for development in the country, because investment is one of the structures of the superpowers, and governments can no longer do everything," he said.
But he called for "quick adjustments" On the laws and legislation to urge investors to withdraw their money and shuffle in Iraq."
It is noteworthy that the Minister of Planning, Dr. Salman Jumaili had stressed during a previous meeting with representatives of the Iraqi private sector, "The government wants the private sector to be effective and influential, because it recognizes the potential of this sector and its ability to achieve development goals, especially in the field of investment.
"Iraq is on the verge of a new stage of building, reconstruction, opening up to investment and seeking to attract large investors to the country," he said.
"We must give our Iraqi private sector the opportunity to be a strong competitor.
He pointed out that "Iraq's economic and investment relations have seen a significant development during the recent period, including relations with the sister Kingdom of Saudi Arabia, has been the formation of the high-level coordination between the two countries," calling at the same time, "the private sector to provide an appropriate vision on investment operations in the country" He said.