The Kuwaiti ambassador to Baghdad, Ali al-Muamman, has announced that 50 Kuwaiti companies will begin work in Iraq at the end of this month, after being informed of the investment law details by the Chairman of the National Investment Commission (NIC), Sami al-Araji, who visited Kuwait recently.
“The Kuwaiti companies were afraid of entering Iraq because of security problems that many parts of the country witnessed recently, but the situation is different today and the situation is more stable in Iraq,” said Araji.
The new companies are in various sectors, including housing, agriculture, and industry. Relations between the countries were improved by the attendance of the Amir of Kuwait, Sheikh Subah al-Ahmad al-Subah, at the Arab League summit on March 29.
It was the Emir’s first visit to the country since Iraq invaded Kuwait in 1990.