PM To A Chinese Company Delegation: Iraq Has Many Promising Investment Opportunities

Baghdad / NINA / -Prime Minister Muhammad Shiaa Al-Sudani received, this morning, Thursday, the President of the Chinese Changxin Company, Zhang Jiming, and his accompanying delegation.

 During the meeting, the Prime Minister confirmed, according to a statement from his media office, that Iraq has many promising investment opportunities, which are available to all investors, noting: “The government will provide all the facilities needed by major companies of different nationalities.”

 The statement explained: “Changxin Company, which is one of the largest Chinese companies and has multiple investments in various countries of the world, will implement a project to establish an advanced industrial city in Basra Governorate for the manufacture and production of iron, using sponge iron, and it is also in the process of contracting to establish a project for sulfur investment in Iraq, with the aim of exporting it abroad.

 The statement added: "These projects come within the government's directions to invest in natural resources and mineral wealth throughout Iraq, and to revitalize the industrial sector, which represents a pillar of the economic reform packages that constitute a priority in the government program."/End