Iraq business conference opens in Dubai

Businessmen from southern Iraq met with international counterparts yesterday to discuss business and investment opportunities in the war-torn country.

Vice president of Iraq Dr Adel Abdul Mehdi opened the first Iraq Business and Investment Conference in Dubai.

Panel sessions covered the legal environment for conducting business in Iraq, financing private sector business, trade, and commerce and private sector banking.

According to Mehdi ‘Iraq's new investment law will facilitate investment for both Iraqi and non-Iraqi businesses by providing a secure investment environment. Business people know the capacities and resources of Iraq. These delegates are the experts brought together at this conference to present opportunities for investments across a wide range of industries. Iraq is not only oil and gas but also agriculture, infrastructure and tourism, both historic and religious.'

Five Iraqi government ministers are also attending the conference.

Sessions include presentations concerning joint ventures with state owned enterprises, investment in agriculture, free zones, construction and contracting and opportunities in reconstruction and management associated with the port of Basra.

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