Abadi: Iraq has the economic capacities and 80% of its area ripe for investment

12/23/2015 10:53

BAGHDAD / Obelisk: Take the prime minister Haider al-Abadi, Wednesday, that Iraq has the economic capacities of "enormous", and confirmed that about 80% of the country is safe and ready to invest space, as he pointed to record a "significant" increase in the volume of trade exchange between Iraq and China.

Ebadi said during a speech at the Forum on China-Iraqi economic cooperation, which opened in Beijing this morning, according to a statement published by the local media and pursued "obelisk", that "Iraq has enormous economic capabilities and the diversity of human It is the cradle of agriculture in light of the Tigris and Euphrates," pointing to "About 80% of the area is safe, stable and ripe for investment."

Abadi said that "the trade exchange between Iraq and the size of China has achieved a significant increase of about 50-fold since 2003 and until 2014," noting that "our visit to China today aims to strengthen economic and trade relations of cooperation between the two countries."

He explained Abadi "It is true that Iraq fighting a war to confront gang Daash terrorist, but we have succeeded, thanks to our armed forces and volunteers of our heroes to achieve victories and clearing large areas and that the happy news today is to restore and edit the city of Ramadi, and we are determined then to liberate Mosul," noting that "most Iraqi provinces safe and works by big corporations, and the government encourages investment process and bring global companies. "

He said the prime minister, "we have launched extensive reforms, including the fight against corruption and bureaucracy campaign and we are working to find and meet our needs in the area of ​​housing, services, electricity, oil and other attractive investment environment, as well as the urgent need for us to arming and development of military industry", reiterated his call for Chinese companies for "investment in Iraq and promising providing support and facilities for the success of its work in all areas. "

The Iraqi government signed, on Tuesday (22 December 2015), with its Chinese counterpart five agreements and memorandums of cooperation between the two countries in various fields.

The Prime Minister Haider al-Abadi, arrived on Tuesday, with a ministerial delegation to China on an official visit to sign a number of agreements will be shared through it, and the visit comes within the Iraqi government went to support the economy and diversify its sources of arms.