During her meeting with the Iranian Assistant Foreign Minister and the accompanying official delegation
Chairwoman of the National Investment Commission … There are no restrictions on the entry and exit of foreign capital to Iraq.
Chairwoman of the National Investment Commission, Suha Dawood Najjar, met the Assistant Foreign Minister of the Islamic Republic of Iran for Diplomatic and Economic Affairs, Mr. Rasoul Muhajir, and the accompanying official delegation, on Wednesday, 05/26/2021, at NIC headquarters.
She discussed with him a number of issues related to the mechanisms of economic and investment cooperation between the two countries, represented by facilitating entry visa procedures for Iranian companies and investors to Iraq with their Iraqi counterparts, in addition to providing an explanation of the most prominent priorities of the strategy of the investment process in Iraq, which is based on fundamental factors based on moving towards infrastructure projects mainly due to the damage it has suffered in addition to the residential and educational projects that have a direct impact on peoples life, as well as the governorate development projects, starting from the service of the Iraqi economy first.
Referring to the most prominent economic sectors that can be activated with the Iranian side in light of the privileges granted by the amended Iraqi Investment Law No. (13) for the year 2006, and the great flow that the law guarantees in the entry and exit of foreign capital to Iraq without any restrictions.
Iranian Assistant Foreign Minister affirmed that we are here today to discover and work on all available areas for investment, based on the great economic potential of the Islamic Republic and the social commonalities between the two peoples, reviewing a number of vital economic sectors that can be activated in Iraq in the sectors (electricity, pharmaceutical industries, food, etc.).
The meeting was attended by the Iranian Foreign Minister’s advisor, Gholam Reza Ansari, the Ambassador of the Islamic Republic of Iran to Iraq, Iraj Masjedi, Directors Generals of the Legal and One Stop Shop Departments and the NIC’s advisors.