Attracting foreign companies to work in the Iraqi market

Attracting foreign companies to work in the Iraqi market

 

Foreign investment has become one of the basic ingredients that developed countries rely on to raise and develop their economies, because of the benefits of foreign investment to the countries' budget and economy, raising the level of production and economics, reducing unemployment and keeping pace with technological development.

Therefore, the Iraqi state must provide the appropriate climate to attract foreign investment and provide the required requirements and privileges that encourage investors, because foreign investment is the way to advance Iraq’s economy and alleviate the financial crisis it is going through, in addition to other advantages offered by foreign investment, including the transfer of modern technology, which It promotes the development of local production of goods and services, as well as it creates job opportunities and employment of manpower, which contributes to reducing unemployment rates, and other advantages offered by foreign investment, so the Iraqi state should pay attention to this economic aspect to rise from this financial crisis, especially And Iraq is one of the countries with abundant natural resources.


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