Maliki Goes to China in Search of Investment

Iraqi Prime Minister Nouri al-Maliki will travel to China this week in a bid to attract Chinese investors to Iraq, an advisor to the PM told AKnews on Tuesday.

Ali al-Mousawi said that Maliki will head a trade delegation, following an official invitation from the Chinese government.

Mousawi said Chinese companies are already heavily engaged in investment in Iraq, “but research shows that China is interested in entering in Iraqi market in a much more significant way. This put the onus on Iraqis to coordinate with Chinese companies…especially in the energy sector.”

He added that the visit will not focus purely on economics: “China is a permanent member of the Security Council and is influential in the formation of international decisions, so politics will inevitably come up.”

China is heavily involved in several sectors in Iraq, including electricity, water, manufacturing and, most significantly, oil. In June, China’s largest oil company China National Petroleum Corporation (CNPC) opened the first major new oil field in Iraq in 20 years at al-Ahdab in southern Iraq.

(Source: AKnews)

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