The Prime Minister’s Advisor announces that Iraq has completed its integration steps by providing safe environments to attract investment

Baghdad – IA – Nassar Al-Hajj
The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, identified today, Sunday, the important strategic, field and organizational factors that encourage international investors to work in Iraq, while pointing out two basic starting points for the development of the investment environment in the country.
Prime Minister Muhammad Shiaa Al-Sudani confirmed last week, while chairing the eighth meeting of the Supreme Committee for Reconstruction and Investment, that Iraq has become a safe and attractive environment for capital from international companies, and a preferred market for businessmen and investors, thanks to the facilities and legislation provided by the government since its formation.
Saleh said to the Iraqi News Agency (INA): “The Prime Minister’s statement regarding the development of the investment environment in Iraq comes from two basic premises: The first is that Iraq has completed its integration steps in providing safe and appropriate environments to attract foreign investment in Iraq, the latest of which is our country’s accession to the agreement that Sponsored by the United Nations and called the Singapore Investment Agreement.
He added, “This agreement seeks to improve the investment climate in member states by enhancing transparency and fair regulatory procedures, as well as providing mechanisms to resolve disputes between investors and states through faster mediation or international arbitration, which gives investors a legal means to guarantee their rights, all of which are factors that the Government of the Republic of Iraq believes in to encourage international investors to invest in our country with high resources.”
Saleh stressed that “the Singapore Agreement and its accession is an important step towards enhancing international trade and investment, which contributes to achieving economic growth and improving economic relations between international groups.”
He added, “The second aspect, which the Prime Minister referred to, is the wealth of natural and human resources of an important strategic country like Iraq, which ranked ninth among the countries of the world in terms of natural resources, and first in the world in possessing one square kilometer of resources in the earth’s interior.”
He explained, “The geographical location of Iraq, which connects European countries by land to Asian countries by sea, encouraged the launch of the development road project, which took its executive steps from the port of Al-Faw upwards within the construction of the dry canal and the upcoming related industrial, agricultural and service projects and in accordance with an important regional and international cooperation framework to attract investments.” Globalism”.
He pointed out, “All of these strategic, field, and organizational factors represent a positive invitation to international investors to work in Iraq and under the direct sponsorship of the executive authority to facilitate their work and with high-precision legal protection.”

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