By John Lee.
German business newspaper Handelsblatt reports that Chancellor Angela Merkel has personally intervened with Prime Minister Haider al-Abadi to persuade the Iraq Government to sign a major contract with Siemens to upgrade the country's electricity infrastructure.
It is understood that the State Secretary for Economic Affairs, Thomas Bareiß, accompanied Siemens Chief Executive Joe Kaeser (pictured) on a visit to Baghdad on Sunday in the hope of agreeing a multi-billion euro deal.
The German export credit guarantee company Hermes would be expected to underwrite any contract.
US-based General Electric (GE) is believed to be also in the running.
(Source: Handelsblatt)
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Ibn Al Iraq 24th September 2018 at 10:06 #
Sir,
Very Good News indeed for Iraq and Siemens.
Germany will always play a vital part in rebuilding Iraq.
We call on the GoI to provide full support to Siemens' operation and remove any hurdles/corruptions on their way! We are confident that this unique establishment will be contributing a constructive and sizeable funds to Common & Social Responsibility within Iraq.
Thank you
God bless Iraq