The Iraqi government is actively supporting the private sector and encouraging international investment, indicating potential for economic growth through innovation. Baroness Nicholson highlighted the importance of a stable government and reported on the recent conference aimed at enhancing economic ties between Iraq and the UK. This meeting marks a significant step in promoting Iraq’s economic modernization and cooperation with international partners.
Baroness Nicholson, the head of the Iraqi-British Business Council, announced that the Iraqi government is fostering support for the private sector and welcoming international investment. She highlighted Iraq’s potential for economic development through innovation during the economic conference attended by officials and business representatives.
Nicholson emphasized the importance of a stable government that backs the private sector and has global investment interests in infrastructure. This sentiment is echoed by the World Bank, reinforcing the belief in Iraq’s capacity for economic modernization.
She expressed gratitude to PM Muhammed S. Al-Sudani for his backing of the conference, marking it as a pivotal step toward stronger economic ties between Iraq and the UK. Notably, this conference was the inaugural event of the Iraqi-British Business Council hosted in Baghdad.
Additionally, there was a recent meeting between the Chairman of the British Business Council and Al-Sudani in the UK. The meeting, attended by Iraqi ministers and over 280 international business contacts, showcased the UK’s commitment to fostering economic collaboration with Iraq.
Nicholson noted the UK’s significant efforts to improve Iraq’s economic standing, including the removal of Iraq from the red list, which capitalizes on establishing robust economic relations with the country.
In summary, the Iraqi government is making strides to bolster the private sector, with a strong focus on international investment for infrastructure. Baroness Nicholson’s remarks at the conference reflect a unified vision for economic growth through innovation, supported by both the Iraqi government and international entities like the World Bank. The conference signifies a crucial step in enhancing the economic partnership between Iraq and the UK, aiming for a modernized economy that benefits from international collaboration.
Original Source: ina.iq
