Iraq ready for Iran’s industrial investment: Minister

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Iraqi Minister of Industry and Minerals Mohammed Sahib al-Daraji said legal foundations for joint investment with Iran are available as his Iranian counterpart Mohammad Reza Nematzadeh expressed Tehran’s readiness to contribute to Baghdad’s industrial development plans.

‘We welcome Iranian companies’ participation in the Iraqi market,’ al-Daraji replied to IRNA during a joint press conference with Nematzadeh in Baghad on Thursday.
The Iraqi minister was upbeat over outcome of the negotiations with Nematzadeh and said Iran’s assistance to reconstruction of Iraq’s industrial units was discussed during the talks.
The Iranian minister echoed al-Daraji’s statement and said it was agreed that two countries will exchange delegations to follow up implementation of the agreements.
‘We are ready to provide Iraq with our industrial experiences. During the meetings, the needs were reviewed. We encourage the private sectors in Iran and Iraq to joint investment projects,’ Nematzadeh added.
Prior to the press conference, he met Iraqi Prime Minister Haider al-Abadi in which deepening of bilateral cooperation in industrial, commercial, and joint investment projects was stressed.
The Iranian minister, who arrived in Baghdad on Wednesday to promote bilateral relations, met Chairman of Iraq’s Supreme Islamic Council of Iraq Seyed Ammar Hakim earlier on Thursday.
He also met governor of Iraq’s National Bank, and his Iraqi counterpart on Thursday and visited industrial projects including a factory assembling Iranian automobiles.

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