Iraq-Iran efforts to raise the level of economic cooperation

9:44, February 19, 2016

Economy - opinion -
He announced the Minister of Industry, Mines and Trade of Iran, Mohammad Reza Nematzadeh during a meeting with President of the National Council for the Iraqi investments Sami Raouf Al-Araji in Baghdad announced the readiness of Iranian companies to employ joint investments in industrial projects in Iraq.

Araji was suggested in the meeting on Thursday to conclude a memorandum of understanding for the recruitment of joint investments between the two countries and said that the National Council for Investment has a number of projects under way.

He noted Rumaila power plant in southern Iraq, 300 MW and said Iranian companies involved in this important project.

Araji said that there are good opportunities for cooperation with Iran in the agriculture, electricity, oil and gas, communications and take advantage of the technical sciences Iranian companies sectors.

During a meeting with Minister of Industry and Mines Iraqi Nematzadeh announced Iran's readiness for the establishment of industrial towns, and investment in, and I challenged the reconstruction and construction of new industrial units in Iraq.

For his part, the Iraqi minister said that many of the Iraqi industrial units Mthrih and the need to update the process and reconstruction and that Iran and due to their experience and technical sciences can help Iraq in this area.

Nemat Zadeh, head of the Iraqi Central Bank on the Keywords also met so that was considered one of the necessities of trade cooperation and hiring investment, revitalize the banking and financial transactions between the two countries, which the Iraqi side promised to continue the serious to this thread and remove the problems in front of the banking and financial transactions between the two sides .anthy