Sunday 01/05/2011Union of Kuwaiti capital and technology for Turkish investment in Iraq
The economic and investment commission seeks to address the parliamentary obstacles to investment in the country
بغداد-المواطن BAGHDAD - The Citizen
Informed sources revealed that Kuwait and Turkey are seeking to achieve an investment partnership in the Iraqi economy, as it provides the Kuwaiti side of finance capital and Turkey's progress necessary technology in investment projects in Iraq at the time confirmed the economic and investment commission parliamentary and a desire Turkish Kuwaiti to invest in Iraq, saying it seeks to address the obstacles faced by Arab and foreign investments in Iraq.
The sources added that this cooperation between the two countries have been discussed during the visit of Turkish Prime Minister Recep Tayyip Erdogan to Kuwait recently and the two countries Asthdtha a committee to set the economic interest in the task.
This is the Union a strong competitor for foreign companies in Iraq, is owned by the countries of the potential physical, human and historical ties with Iraq and a good knowledge of the circumstances and factors affecting the Iraqi economy, as they enjoy excellent relations with the people and officials in Iraq.
The sources said that the Iraqi government in favor of such a partnership and welcomes, and considers promising to create a market in the region, linking the economies of the three countries for the good of their peoples and develop their capacities and capabilities and the exploitation of natural resources, to be a bridge economically connecting East and West.
In the view of some economic resources, the prospects for such cooperation on impact and help to other countries and their participation in the construction of giant projects and achieve a kind of self-sufficiency.
For his part, said a member of the Committee on Economics, Alastosmar parliamentary Amer al-Fayez said Turkish investments by Turkish companies almost the first companies that have entered Iraq, where I got a number of vacations investment in various fields such as the establishment of housing units and others. He said al-Fayez's (Citizen) reported yesterday that Turkish companies are most likely to get investment licenses but for the Kuwaiti companies, there is a strong desire of these companies to invest in Iraq.
And on information about Kuwait Turkish agreement for joint investment in Iraq's Al-Fayez said that the agreement may have happened, we have no information about him, but he expected because both sides want to invest and they may cooperate in this area.
He said al-Fayez said applause Arab in Iraq is still very weak and we are in contact with some Arab states to encourage them to invest in Iraq, explaining that there are foreign companies took the initiative to invest in Iraq more than the Arab countries because of security conditions and some of the obstacles that seek to economic and investment commission to overcome include the issue of allocation of plots and routines adopted in Iraq does not encourage investment in Iraq to come to Iraq.
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