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Khalid Battal, Iraq’s Minister of Industry and Minerals, speaking to Rudaw in Berlin on January 13, 2023. Photo: Rudaw
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ERBIL, Kurdistan Region - Iraq’s minister of industry said Friday that they want to facilitate for Germans to invest in his country, adding that an Iraqi top delegation in Germany has discussed the subject with related companies.
The high-level Iraqi delegation, headed by Iraqi Prime Minister Mohammed Shia’ al-Sudani, on Friday held a number of meetings with German officials in Berlin, including the European country’s Chancellor Olaf Scholz.
Khalid Battal, Iraq’s Minister of Industry and Minerals, told Rudaw’s Alla Shally on the same day that the delegation met with German investors, explaining to them the “advantages” of Iraq’s investment law. “The law provides to investors, including customs exemptions, banking facilities, tax exemptions, and so on in the various industrial, residential and agricultural sectors.”
"The visit comes as a continuation of previous discussions and long-standing economic, commercial and political relations with Germany. In this visit, with regard to the Ministry of Industry, we are looking to attract German investments in the fields of petrochemicals, fertilizers, iron and steel,” said the minister.
He added that they are holding a conference in May “ to which we invite international companies from different countries to present investment opportunities in the Ministry of Industry and Minerals.”
Battal also said that his country seeks to be a source of energy for Germany, noting that there has been a “turning point” in the European country’s politics due to the Russia-Ukraine war.
The Iraqi minister also said that officials and investors from the Kurdistan Region are also in the delegation.
The high-level Iraqi delegation, headed by Iraqi Prime Minister Mohammed Shia’ al-Sudani, on Friday held a number of meetings with German officials in Berlin, including the European country’s Chancellor Olaf Scholz.
Khalid Battal, Iraq’s Minister of Industry and Minerals, told Rudaw’s Alla Shally on the same day that the delegation met with German investors, explaining to them the “advantages” of Iraq’s investment law. “The law provides to investors, including customs exemptions, banking facilities, tax exemptions, and so on in the various industrial, residential and agricultural sectors.”
"The visit comes as a continuation of previous discussions and long-standing economic, commercial and political relations with Germany. In this visit, with regard to the Ministry of Industry, we are looking to attract German investments in the fields of petrochemicals, fertilizers, iron and steel,” said the minister.
He added that they are holding a conference in May “ to which we invite international companies from different countries to present investment opportunities in the Ministry of Industry and Minerals.”
Battal also said that his country seeks to be a source of energy for Germany, noting that there has been a “turning point” in the European country’s politics due to the Russia-Ukraine war.
The Iraqi minister also said that officials and investors from the Kurdistan Region are also in the delegation.
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