Al-Kazemi: The doors of Iraq are open to investment, especially to American companies

[yota691]

Al-Kazemi: The doors of Iraq are open to investment, especially to American companies

Al-Kazemi urges the World Bank to disburse more than one billion dollars in loans to support Iraqi projects

 July 28, 2021 1:06 AM

Mubasher: The Iraqi Prime Minister, Mustafa Al-Kazemi, confirmed that Iraq's doors are open to investment, noting that the Iraqi government has taken bold measures towards real reforms in the economy.

 

Al-Kazemi said during a meeting of the Businessmen Forum and the American Chamber of Commerce today, Tuesday, that the Iraqi government has taken bold measures towards real reforms in the economy, the most important of which is strengthening credit activity in the banking sector, according to the Prime Minister’s account on Twitter.

Al-Kazemi stated: "We have started to address the weak infrastructure, despite the budget deficit, by encouraging private sector investments."

He added that the government had proposed clean energy projects through competitive and transparent bidding, which resulted in attracting the largest international companies in the field of solar energy, and we are now in negotiations with the largest international companies to grant 7,500 megawatts in the field of solar energy during the next two years.
 
He pointed out that the government has begun to address the housing crisis through a package of measures, the most important of which is the initiative of government banks, and a number of private banks to offer low-cost and long-term loans to support the purchase of housing units, and this will also help encourage investment in the real estate sector, stressing that this initiative helped activate A number of suspended projects.

He continued, "Corruption is being fought and state resources are preserved, and one of the most important measures is the cancellation of vacations in fake and lagging projects behind which mafias of economic and political corruption are standing."

He stated, "In a short period of time, we have made great progress in the investment sector, and there is great work in the field of oil and energy, and clean energy in particular... and we have launched strategic projects in the field of gas and investment in associated gas, in cooperation with American companies."

He pointed out that Iraq's doors are open to investment, and American companies in particular, and our vision is serious in relying on Western investments instead of others, and we need your cooperation in order to achieve this.

Today, the Iraqi Prime Minister met with the President of the World Bank Group and his accompanying delegation. 

Al-Kazemi stressed the importance of developing cooperation with the World Bank and ways to develop it, and urged the rapid disbursement of more than one billion dollars, available as loans to the World Bank; To support the government in projects ready for implementation inside Iraq.

[Smokey Mtn. Dinar]

They want our business? Then Reinstate (RI) the value of their currency! They will have lots of business!   Cha Ching  

[3 bucks new rv rate]

1 hour ago, Smokey Mtn. Dinar said:

They want our business? Then Reinstate (RI) the value of their currency!  

i like the way you said that and i agree with you 100%, but it depends on which currency ( Dollar or Dinar ) they have been using it for the last 18 years when doing business with the US companies or other foreign companies?

[markb57]

Iraq only uses the dinar for in-country transactions. The dollar is used for everything else, international and some in-country. They can't use their TP currency since it's not international.

[3 bucks new rv rate]

29 minutes ago, markb57 said:

Iraq only uses the dinar for in-country transactions. The dollar is used for everything else, international and some in-country. They can't use their TP currency since it's not international.

thanks for the input markb57

[SocalDinar]

US to make 'historic' investments into Iraqi infrastructure, Al-Kadhimi says after Biden meeting

MENA

3 min read

The New Arab Staff

28 July, 2021

PM Al-Kadhimi said the US investment was a 'historic' and 'golden' opportunity for Iraq.

 

Iraqi Prime Minister Mustafa al-Kadhimi was in Washington for the fourth and final round of the Iraq-US strategic dialogue [Getty]

A now-completed Iraq-US strategic dialogue will bring extensive American investment to Iraq, the country's Prime Minister Mustafa Al-Kadhimi said in an interview aired on Tuesday.

Over the course of the meetings in Washington, memorandums were signed for US investment in a broad range of Iraqi sectors, which Kadhimi told state television channel Al-Iraqiya was a "historic" and "golden" opportunity for Baghdad.

US companies will help develop Iraq's ailing energy and health sectors, Kadhimi said, which have suffered underfunding and poor management resulting in huge suffering for Iraqis.

Tragedy struck Iraq when a fire engulfed a Covid isolation unit at the Al-Hussein hospital in Nasiriyah, the south of the country, killing at least 60 people. A similar fire occurred at a hospital in Baghdad in April.

The fires served as a gruesome reminder of the dilapidated state of Iraq's health infrastructure.

Iraq has registered a record-high in Covid cases in recent days, adding extra strain to healthcare.

The country's national grid is failing to supply Iraqis with the electricity they need to cope with the sweltering summer heat.

Iraq's failing energy infrastructure has led to angry protests in the country and a bloody crackdown by Iran-linked militias and security forces.

Much of the focus on the strategic dialogue has been on the agreement on the withdrawal of US combat troops from Iraq, announced on Monday night.

There are currently 2,500 US troops in Iraq focusing on countering the remnants of the Islamic State group but have been subject to frequent rocket attacks by Iran-linked militias.

The US role in Iraq will shift entirely to training and advising the Iraqi military in defending itself rather than combat missions.

They are set to leave Iraq by New Year’s Eve 2021, according to a statement from Al-Kadhimi's office released Monday.

The shift is not expected to have a major impact since the US already moved toward focusing on training Iraqi forces since the defeat of IS.

Some analysts say the pull-out could strengthen Iran's hand in the country, whose influence has grown since the US-led invasion of Iraq in 2003 and the subsequent government campaign against IS. US troops have played a more active role in Iraq since the IS invasion of northern Iraq in 2014, supporting government forces.

Hours after the announcement of an Iraq-US agreement on troop withdrawal, Ismail Qaani, commander of Iran’s Quds Force - who replaced slain General Qassem Soleimani - was in Baghdad.

Sources told The New Arab’s sister site Al-Araby Al-Jadeed that Qaani met with forces and political factions allied to Tehran to discuss Al-Kadhimi's agreement with Washington.

Qaani has frequently made unannounced visits to Baghdad, often after attacks on US military and diplomatic sites by Iran-backed militias.

Several powerful pro-Iran groups in Iraq on Tuesday welcomed the announcement of the an of US combat operations in the country, an outcome they have long demanded.

The US announced last week that it would give Iraq $155 million in new humanitarian assistance for internally displaced people and refugees.

 

https://english.alaraby.co.uk/news/us-set-historic-iraq-investments-pm-al-kadhimi

[ronscarpa]

14 hours ago, yota691 said:

Al-Kazemi: The doors of Iraq are open to investment, especially to American companies

 

 

1 hour ago, SocalDinar said:

US to make 'historic' investments into Iraqi infrastructure, Al-Kadhimi says after Biden meeting

 

 

Thanks yota691 & SoCal Dinar....Open doors for US companies, and hopefully Iraq finally doing something to make the IQD an internationally traded currency - like increasing the value of the IQD based upon their natural resources and a market economy..! This is an encouraging announcement IMHO...Ron 

[Floridian]

Never seen al Khademi smile like that.  Looks like good things coming.  🙏

[Longtimelurker]

Iraqi Prime Minister Mustafa al-Kadhimi was in Washington for the fourth and final round of the Iraq-US strategic dialogue [Getty]

 

"Fourth and final round".

 

They're done talking👍

[dinarham]

  At this point , we would all be shocked when the rv happens , even though we are firm believers ,some of us tracking dinar for almost 20 years . I trust my gut on this one ,along with all you crazy diamonds.

[stanleypower]

34 minutes ago, dinarham said:

  At this point , we would all be shocked when the rv happens , even though we are firm believers ,some of us tracking dinar for almost 20 years . I trust my gut on this one ,along with all you crazy diamonds.

I'm sure it won't seem real for many of us. 

[dinarin]

1 hour ago, Floridian said:

Never seen al Khademi smile like that.  Looks like good things coming.  🙏

I'm joining too !..he he !