Font Size

- Aa +

Wed 20 Sep 2017 11:24 AM

Font Size

- Aa +

Emirati-Iraqi team formed to invest in new Iraq

Technical experts to advise UAE companies on investing in reconstruction projects

Emirati-Iraqi team formed to invest in new Iraq
UAE Minister of Economy Sultan bin Saeed Al Mansoori

The UAE and Iraq have agreed to form a technical team to boost investment in Iraq as the country undergoes reconstruction, the UAE Economy Ministry said.

The team will be tasked with identifying investment opportunities and addressing the potential challenges for UAE companies wishing to enter the Iraqi market, a statement by the Ministry said.

The agreement was made during a recent meeting in Abu Dhabi between the UAE Minister of Economy Sultan bin Saeed Al Mansoori and Iraq’s Minister of Industry and Minerals Mohamed Shi'a Al-Sudani, who discussed strengthening economic, trade, and investment ties.

During the meeting the two ministers also agreed to form a joint business council to promote cooperation between business communities in both countries.