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FINANCIAL NEWS
Iraq seeks more investments from India
25 Aug 2013
(MENAFN) Iraqi Prime Minister, Nuri Al Maliki, said that there is great potential for investments from Indian firms to help rebuild the country’s infrastructure, The Peninsula Qatar reported.
Al Malaki, on the first visit by an Iraqi leader to India since 2003, said that Iraq holds opportunities for investments in different sectors to rebuild its infrastructure with projects like highways, railways, housing, hospitals, schools, ports and oil production facilities.
Trade between the two countries is flourishing. Exports from India to Iraq rose from USD740 million in 2011 to USD1.3 billion the following year, while exports from Iraq increased to USD20 billion in 2012 up from USD9 billion in 2011.
Iraq is suffering to lure foreign investments due to the violence in the country, especially the recent wave which is the worst since 2008.
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