Baghdad The Head of the Jordanian Parliamentary Economy and Investment Committee, Khair Abu Sa’ilik, confirmed during his meeting with a delegation representing the Iraqi Business Council in the Kingdom, the depth of the historical relations linking the two countries, noting that the volume of Iraqi investments amounts to 24 billion Jordanian dinars.

During the discussion of the draft law regulating the investment environment for the year 2022, Abu Sa’ilik added that there are qualitative and large investments for Iraqis in the Kingdom, appreciating those investments in supplying the national economy.
He pointed out that there is a real partnership between the Parliamentary Economy and the Iraqi Business Council, noting at the same time that the committee had previously visited a number of businessmen and officials in Baghdad and Erbil, where it was briefed on the Iraqi experience in dealing with investors.

For its part, the Iraqi delegation said that the volume of Iraqi investments amounted to 24 billion Jordanian dinars, in addition to 25 billion US dollars in foreign deposits.

The Iraqi delegation reviewed its most prominent observations and suggestions about the draft law, calling for the need to simplify procedures, regulations and instructions for the investor, as well as simplifying dealing with the investment window in the Kingdom.

The Iraqi delegation also called for promoting the spirit of competition in law, like the neighboring countries, praising at the same time the distinguished investment climate in the Kingdom.

At the meeting, he stressed the need for the draft law to be a catalyst for investment, according to Petra.

Source: National Iraqi News Agency