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IBC identifies 500 Iraqi projects for investors,  Join our daily free Newsletter

MENAFN - 19/07/2004
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(MENAFN) The newly-formed Iraqi Business Council (IBC) based in Abu Dhabi, which has identified around 500 viable industrial and infrastructure projects, is providing the necessary business information and coordination with government officials to facilitate investors who want to invest in the war-ravaged country, Khaleej Times newspaper reported.

The Chairman of IBC said that the council wants to use Abu Dhabi as a hub for reconstruction activities in Iraq due to its strategic location and deep interest expressed by UAE and Iraqi businessmen in taking up projects in a country whose economy needs to be rebuild.

The official added that IBC was also planning to organize an international reconstruction conference by January next in the capital inviting investors who are interested in contributing towards the reconstruction of the country from ruins.

According to the official, foreign investors, who can establish projects on 100 percent ownership basis would be assisted and facilitated by the IBC in their endeavors which was setting up offices in different parts of Iraq to coordinate investment activities with the government.

 




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