Iraq Approves Package of Measures to Attract Foreign Investment

  • Baghdad, Iraq
  • 13 July 2023
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Fadi al-Shammari, the political adviser to the Iraqi government, revealed a package of government measures aimed at transforming the country into an attractive environment for foreign investments, including in part legal amendments and various administrative procedures. The government aims to transform Iraq into an attractive country for investment, by identifying eight amendments to provide an integrated work environment for investors.

Al-Shammari stressed that "the vision of the government of Mohammed Shia Al-Sudani aims at the need to transform Iraq into an attractive country for investment by improving the business environment, and developing the country's infrastructure," explaining that "the government realizes that incoming investment plays a crucial role in promoting economic development, creating job opportunities, improving the quality of life of citizens, diversifying the base of the Iraqi economy and developing non-oil sectors, and on this basis, the goal of the Sudanese government is to simplify bureaucratic procedures and enhance transparency in granting investment licenses through Amendments to Government Decisions Relating to Investment".

Source (Al-Araby Al-Jadeed Newspaper, Edited)

 

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