Iraq seeks US investment for housing schemes

Ministers outline how US firms can help to deliver up to 1m new homes

NEWS, Business

Iraq's National Investment Commission and its ministries of construction, housing and planning held an event highlighting investment opportunities in the country to US companies.

The National Iraqi News Agency said that a meeting via a video link via Washington took place with a group of American companies as part of US Secretary of State Hilary Clinton's Direct Line of American Business initiative.

The US Embassy said that representatives discussed the need to build around 1m new homes in Iraq, and that firms' representatives spoke to the president of Iraq's National Investment Commission, Sami al-Araji, as well as the deputy minister of housing and reconstruction, Estabraq al-Shok.

A statement from the US embassy said that the discussion involved "the challenges to meet the demand of the housing sector in Iraq and the available opportunities for U.S. companies to share their experiences".

A number of officials from provincial investment bodies spoke about specific investment opportunities in provinces such as Salahuddin, Anbar, Diwaniyah, Dhi Qar, Nineveh, Diyala and Muthanna.

 

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