Aiming at Reinforcing Investment Cooperation between the Two Countries
NIC Signs an MOU with its Syrian Counterpart
NIC signed a memorandum of Understanding on the 28th of July in Baghdad with the Syrian Investment Commission that aims at encouraging and promoting investment projects between companies, institutions and individuals belong to both countries.
Dr. Sami Raouf Al-Araji Chairman of the National Investment commission said during the signing ceremony that this agreement provides in number of its provisions strengthening the connections in the field of investment cooperation and work on the definition of investment opportunities and projects available in the two countries, and included work to strengthen the meetings and exchange visits between Iraqi and Syrian investors and encourage investment in various productive and services sectors and hold seminars to introduce the investment climate and opportunities for available projects in two countries, as well as the exchange of information, legislation and laws in force in the field of investment and participation in investment fairs held in both countries while working to provide services and facilities necessary for investors to completion of investment projects in accordance with the valid legislations in the two countries.
Dr. Sami assured that Iraq is open to investments in all fields represented by (Industry, Agriculture, Oil & Gas, Education, Housing and Infrastructure, Trade, Health, Tourism, Transport and communication) and the NIC shall announce investment opportunities available in all sectors to the Syrian companies and businessmen in another meeting in Baghdad.
On the Syrian side, the MOU was signed by Mr. Ahmed Muhammed Diab, the DG of the Syrian Investment Commission.