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UAE To Invest Billions Of Dollars In Iraq For New Partnership Prospects

The United Arab Emirates prepares to invest billions of US dollars in Iraq for new partnerships and growth prospects.

The United Arab Emirates intends to invest about $3 billion in Iraq for new partnership prospects and to help the country achieve growth and progress.

This was revealed when Iraqi premier Mustafa Al-Khadimi went on a visit to UAE last Sunday.

The meeting between premier Al-Khadimi and some UAE leaders centered on economic cooperation and to find means to enhance trade and investment exchanges between the two countries. In order to boost cooperation an Iraqi-UAE Business Council will be formed.

Present during the meeting was Dubai ruler Mohammed bin Rashid Al-Maktoum and Abu Dhabi Crown Prince Mohammed bin Zayed bin Sultan Al-Nahyan.

Areas of interest that may be foremost in the collaboration between the two countries would be that of security and defense as well as the development of sustainable energy. 


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