Economic Insights – Follow-Up
Khaled Battal, Iraq’s Minister of Industry and Minerals, has asserted that the ongoing stability in Iraq is fostering favorable job prospects for investors.
The Minister made these remarks while participating in an investment, renewable energy, and financing conference held in Amman, the capital of Jordan.
The conference placed significant emphasis on creating sustainable partnerships between Iraq and Jordan, highlighting the need for increased job opportunities across both private and public sectors. The discussions also aimed to expedite the implementation of previously agreed-upon projects, including the oil pipeline and electricity delivery lines, as well as to advance plans for an industrial city in the Trebil-Al-Karama border area.
In addition, the conference sought to capitalize on banking experiences to enhance the banking sector, accelerate financial technology advancements, and promote digital transformation. The focus was also on developing integrated solutions to stimulate investment and economic growth, thereby fortifying economic ties between Iraq and Jordan.
“There is clear collaboration between Iraq and Jordan, and the credibility in dealings across various sectors is vital for the success of this bilateral partnership,” Battal stated.
He highlighted ongoing requests from Iraqi industrialists for the protection of local products, noting that decisions to invigorate partnerships should primarily involve capital owners and industrialists.
Furthermore, he remarked, “The evident stability in Iraq has indeed opened significant job opportunities for investors,” and indicated that “major investment prospects will be unveiled during Iraq’s upcoming investment forum.”
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