By John Lee.
Iraq's National Investment Commission (NIC) Chairman, Dr. Haider Mohammed Makiyya, announced the signing of the Investment Protection and Promotion Agreement with Saudi Arabia on November 24, 2024.
The agreement, finalized ahead of the 28th World Investment Conference in Riyadh, aims to create a secure environment for Saudi investors in Iraq, supported by legal guarantees and diverse investment opportunities.
Speaking at the conference, Dr. Makiya highlighted Iraq's commitment to attracting Saudi investments through regulatory reforms. The event, hosted by the World Association of Investment Promotion Agencies (WAIPA), facilitated global dialogue on investment trends and partnerships.
During a ministerial roundtable, Dr. Makiya joined global leaders to explore sustainable investment collaborations, including renewable energy initiatives such as green hydrogen and advanced engineering solutions for energy projects worldwide.
(Source: NIC)
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