Chairman of the National Investment Authority meets with Saudi Arabia’s Al-Arab United Company to discuss investment cooperation opportunities

The Chairman of the National Investment Commission (NIC), Prof. Dr. Haider Mohammed Makkiya, received on Monday the President of Al-Arab Saudi United Company for Consulting and Digital Solutions, Sheikh Sultan Al-Saadoun. During the meeting, they discussed ways to enhance investment cooperation in various fields, in addition to discussing opportunities for economic partnership and infrastructure development through strategic investments that serve the Iraqi economy. At the beginning of the meeting, the Chairman of KDIPA gave a detailed explanation of the amended Investment Law No. 13 of 2006, highlighting the facilities and guarantees provided by the law to investors. He also reviewed a number of investment opportunities available in various sectors aimed at achieving sustainable development that contributes to enhancing the reality and future of the Iraqi economy and efficiently utilizing natural resources.

For his part. Sheikh Sultan Al Saadoun affirmed the commitment of Saudi Arabian United Arab Company to build strong relationships and fruitful understandings with Iraqi government agencies, especially the National Investment Commission, as the official sponsor and supervisor of investment activity in Iraq. He expressed the group’s keenness to support the Iraqi government’s efforts to achieve mutual and effective digital investments. The meeting witnessed a comprehensive presentation of the company’s future vision on a number of important files, including digital solutions, consulting support, attracting competencies, providing services and solutions, information technology, engineering services and others. The meeting was attended by the Chairman of the Parliamentary Development and Investment Committee, MP Hasnain Al Khafaji, in addition to a number of officials at the National Investment Authority and representatives of the company.