Iraq Discusses Investment with Indian Delegation

Iraqi Deputy Prime Minister with responsibility for energy issues, Hussein al-Shahristani, called on a visiting Indian delegation on Sunday to make much-needed investments in Iraq’s energy, industry and housing sectors, according to AFP.

“Shahristani discussed the means for Indian investment and developing the industrial and oil sectors in Iraq with an Indian delegation,” according to a statement from his office.

He called on “Indian companies to invest in low-cost housing, because the country really needs it.”

The Indian delegation was made up of 15 companies specialising in sectors including oil, gas, automobiles, agricultural vehicles, housing and health.

Iraqi National Investment Commission Chairman Sami al-Araji said in August that that new housing was the country’s top priority in terms of attracting foreign investment. Iraq is seeking to build one million new housing units nationwide in the coming years.

(Source: AFP)

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