Baghdad, Iraq — The Federation of Iraqi Chambers of Commerce FICC has said that Iraq offers promising investment opportunities and its entry into the SWIFT platform gave a positive message to all countries of the world.
“Iraq has thousands of promising investment opportunities in oil, agro-industries, commercial and tourism,” the head of the Federation of Iraqi Chambers of Commerce Abdul Razzaq Al-Zuhairi told the Iraqi News Agency.
He said there were several great opportunities with global potential and there was a “real need to extend the law and send a positive message to the world that Iraq is a safe environment for investment, in addition to the need for banks to have a global correspondence through which the investor can enter and exit funds”.
He said Iraq’s entry into the platform gave the world a positive message that “Iraq’s money and financial transactions are honest”, adding that “the union has all the powers to approach international companies through the federations of the chambers of commerce and industry in the countries of the world.”
Al-Zuhairi said, “Iraqi investments are large and widespread in all countries of the world, including Oman, Dubai and Turkey, because the laws there are easy and simplified.” He called on the government to “improve these processes and eliminate red tape, bureaucracy, nepotism and other things that keep the investor from investing his money in Iraq.”