Amman:Iraq has made significant progress in attracting Arab and foreign investments, as affirmed by Prime Minister Ali Al-Zaidi. During a meeting in Amman with Iraqi businesspeople and investors from various economic and commercial sectors, Al-Zaidi highlighted the country’s advancements in creating opportunities for investment.

According to National Iraqi News Agency, Prime Minister Al-Zaidi outlined several policies and measures implemented by the Iraqi government to enhance the investment climate. These measures aim to attract capital that contributes to national development. He emphasized the streamlining of procedures, addressing challenges faced by investors, and safeguarding their rights under the Investment Law as key steps in this progress.

The Prime Minister also noted Iraq’s numerous investment opportunities, with the government granting the private sector incentives such as customs exemptions. These incentives are designed to facilitate development projects and create job opportunities for the youth. Furthermore, Al-Zaidi announced that the beginning of next year would see the foundation laying for the “Development Road” project, featuring industrial cities, and the full operationalization of the Grand Faw Port for commercial shipping. This development positions Iraq as a crucial trade corridor between East and West.

In his discussions with business leaders, Al-Zaidi listened to their contributions and proposals regarding project execution across various sectors. He reiterated the government’s commitment to fostering investment and creating opportunities in all fields.