Secretary General of the Council of Ministers Discusses The Investment Climate With Presidents of Business Councils and Economic Federations
The Secretary General of the Ministerial Council Dr. Mahdi Al-Allaq discussed key recommendations with IBC Chairman Dr. Majid Saedi and presidents of a number of financial and economic councils and federations, Iraqi businessmen and investors to provide an appropriate climate for investment.
Dr. Al-Allaq reviewed the recent arrangements concerning a conference on the reconstruction of Iraq scheduled to be held in Kuwait next month, stressing the enthusiasm to turn the conference into a major economic event attracting Iraqi and international companies, stressing the need to finalize the main recommendations paper which is drafted in accordance with the investment life cycle and its various stages in agreement with the World Bank.
During the meeting, the paper to be presented to the international investors during the forthcoming Reconstruction of Iraq Conference was discussed, whereas the participants agreed to present the amendments during Sunday and Monday of next week to consolidate all papers received from investors and the participating councils and federations and finalize them for onward presentation to the Council of Ministers within two weeks for voting purposes.
The idea of establishing the Iraqi Business Council is based on the common desire generated by a number of elites. Those who are Iraqi investors and businessmen on the territory of the Hashemite Kingdom of Jordan unanimous in the importance of creating economic reference for them, as well as for those who wish to join them in order to maximize Iraq’s investment in Jordan, as well as to contribute actively to Iraq’s construction and reconstruction.
The idea of establishing the Iraqi Business Council was well-founded and blessed by the Government of the Hashemite Kingdom of Jordan. Accordingly, the approval of the competent Jordanian authorities was commended for launching the Iraqi Business Council in Jordan.
