The UAE will play a major role in channelising regional and international private investments to Iraq, Sultan Bin Saeed Al Mansouri, UAE Minister of Development and Public Sector said yesterday.
Addressing an Iraqi business delegation headed by Iraq's Vice-President Adel Abdul Mehdi, Al Mansouri said the UAE continues to have strong economic, political and cultural ties with Iraq and will help the nation develop its government and business infrastructure.
"The UAE has a strong investment community representing more than 120 countries. With our experience in attracting global investors we will help Iraq gain access to investment pools from across the world."
Al Mansouri said the UAE's business community has an opportunity to launch their Iraq ventures from the UAE. "The UAE has all the infrastructure required to attract investments targeted at Iraq. In addition economic conferences such as this one could be organised in the future to attract the attention of the global business community to the opportunities in Iraq."
Last year Iraq-UAE trade exceeded $8 billion. With Iraq set for major reconstruction and economic revival, Mansouri said the bilateral trade could double in a few years time. (Gulf News)
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