Standard Chartered Iraq Encourages Korean Investors

By John Lee.

Standard Chartered Bank hosted an information session on Monday for Korean businesses interested in investing in Iraq.

At the one-day seminar held in Seoul, Gavin Wishart, CEO of Standard Chartered Bank Iraq, said that Iraq provides substantial opportunities for world-renowned Korean construction and engineering companies.

He added that the Iraqi government is striving to invite foreign investment by enacting special laws to better accommodate foreign investors.

The bank estimates that Iraqi GDP will surge 6 percent this year and a further 8.5 percent in 2015, according to a report from Korea Herald.

(Source: Korea Herald)

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