Trade Minister: Most Iraqi cities ready for investment
Translated by IRAQdirectory.com - [10/02/2007]
Iraqi Trade Minister, Abdul-falah Assudani, said: “Most areas of the country live a stable and secure environment and are ready to invest, so if companies thought of working in Iraq, they would gain preference”.
He added after his meeting with Chen Jank Yem, Head of the Korean Agency for international cooperation: “Iraqi government has a comprehensive and objective outlook for the bright future of the country, and the investment law granted it a great opportunity to benefit from foreign investments; this good opportunity should be exploited by major Korean companies known worldwide for their potentials and enormous capabilities“.
Assudani explained in a statement of the Ministry of Trade: “the important role of the Korean Agency, particularly in the area of providing technical assistance to Iraq in order to rebuild its institutions and economic infrastructure, as well as the possibility of continuing the training of Iraqi qualifications and benefit from the Korean expertise in different fields”.
On his part, Jank said that the Korean Agency will continue its support for Iraq and it is ready for expanding cooperation different fields.
He added: “Iraq is an economic heavyweight in the region with enormous economic potentials that makes it an essential player with the availability of security which is a major impediment to return to work in Iraq in different areas”. A ministerial delegation headed by Assudani and the membership of Minister of Housing and a number of ministries’ agents left to South Korea to activate the bilateral relations between the two countries.
