2023-11-30T09:05:56+00:00
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/ The media office of Prime Minister Muhammad Shiaa Al-Sudani stated that the latter received, this Thursday morning, the head of the Chinese Changxin Company, Zhang Jiming, and his accompanying delegation.
The office added in a statement today that the Prime Minister confirmed during the meeting that Iraq has many promising investment opportunities, which are available to all investors, indicating that the government will provide all the facilities needed by major companies of different nationalities.
The statement added that Changxin Company, which is one of the largest Chinese companies and has multiple investments in various countries of the world, will implement a project to establish an advanced industrial city in Basra Governorate for the manufacture and production of iron, using sponge iron. It is also in the process of contracting to establish a special project for investing in sulfur in Iraq; With the aim of exporting it abroad.
According to the statement, these projects come within the government’s directions to invest in natural resources and mineral wealth throughout Iraq, and to revitalize the industrial sector, which represents a pillar of the economic reform packages that constitute a priority in the government program.
Yesterday, Wednesday, the advisor to the Chinese embassy in Baghdad, Xu Haifeng, said that Iraq is the largest investment destination for his country.
Haifeng said in a press conference held yesterday at the Chinese embassy in Baghdad that Iraq is a country rich in energy represented by oil and gas, and it is natural that the energy field is a relatively greater source of attraction for Chinese investments, and is in line with the industrial diversity in Iraq.
He added that Iraq, in its current state, is able to attract increasing Chinese investments in new fields in the country.