Washington Highlights Iraq Efforts To Attract Foreign Investments And Industry

The US State Department confirmed on Friday that Iraq is actively working to draw foreign investments and advance its domestic industries. In an official statement, the department explained that the Iraqi marketplace provides promising commercial opportunities for American firms and exporters, pointing out that government contracts, especially in the energy sector, offer great avenues for business expansion and capital investment despite existing regulatory challenges in the local business environment. It further emphasized that Iraq's ambition to attract global investors and bolster national production requires tackling bureaucratic hurdles and improving the investment climate to foster economic activity, strengthen trade cooperation, and grant US energy firms viable opportunities.