Baghdad:Adham Al-Fakhar, Chairman of the Iraqi-French Business Council, has emphasized that Iraq is committed to developing a conducive environment for business and investment. He highlighted the importance of partnership and joint development in strengthening economic relations, noting ongoing efforts by both the government and the private sector to identify investment opportunities despite existing challenges.

According to Iraqi News Agency, Al-Fakhar stated that the French delegation received a clear message from Iraq, expressing a strong willingness for partnership and joint development as a means to build economic relations. He mentioned that the recent forum, focusing on the health and pharmaceutical sector, included participation from 11 companies, with plans for future investment conferences in various other fields.

He further explained that attracting investment and construction requires making Iraq an appealing destination rather than merely issuing invitations. Al-Fakhar remarked that the French delegation left with a positive impression of Iraq, praising the Iraqi government’s readiness. He acknowledged the challenges of establishing businesses in Iraq but mentioned efforts to grant exceptions to attract foreign companies, viewing foreign partners and suppliers as integral to their operations.

Al-Fakhar also stressed the importance of developing the capabilities of Iraqi citizens and fostering the private sector as fundamental objectives. He highlighted the seriousness with which the government and private sector are addressing the creation of a favorable business environment, despite the difficult current situation. He called for government support and boldness to develop alternative pathways for generating investment opportunities.