Many Saudi businessmen are now getting ready to establish a number of development projects in Iraq after the Iraqi Parliament approved its foreign investment law, the Al-Eqtisadiah daily reported.
Iraqi authorities are studying the projects and providing the necessary guarantees to attract investors and attract more Arabian capital.
Thaeer Al-Feili, consultant at the Iraqi Ministry of Housing, said that there are three big projects that Saudi investors tend to launch in Iraq. The projects include industrial, housing and agricultural investments.
Al-Feili said that the biggest of these projects is the agricultural project, lead by big Saudi investors. The project will take large space of land and will improve the Iraqi agricultural production.
http://www.menafn.com/qn_news_story_s.asp?StoryId=1093131391
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