US Embassy Promotes Investment Opportunities

The U.S. Embassy in Baghdad hosted officials from Iraq's National Investment Commission, Ministry of Housing, Ministry of Planning, and several Provincial Investment Commissions on September 13 to discuss investment opportunities in the Iraqi housing and construction sectors with representatives of U.S. companies, who joined the meeting by videoconference from Washington, D.C.

The meeting was part of U.S. Secretary of State Hillary Rodham Clinton's "Direct Line to American Business" program.

Participants focused on the government of Iraq's plan to build one million new housing units in Iraq. National Investment Commission Chairman Dr. Sami Al-Araji, Deputy Minister for Construction Housing Mr. Istabraq Alshouk, and Director General for Government Investment at the Ministry of Planning, Mr. Qassim Frez, discussed the challenges of meeting demand in Iraq's housing sector and opportunities for U.S. companies to share their expertise.

Provincial Investment Commission officials also spoke about additional investment opportunities in Salah ad Din, Anbar, Diwaniyah, Dhi Qar, Ninewa, Diyala and Muthanna provinces.

U.S. private-sector participants expressed optimism about Iraq's potential for economic growth and highlighted the importance of encouraging foreign investment in Iraq.

The "Direct Line to American Business" program was announced on February 21, 2012 at the Global Business Conference. The program promotes closer economic and commercial ties between the United States and our foreign partners through direct communication and collaboration between the government and the private sector.

(Source: US State Department)

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