Foreign Investments Flow Into Iraq

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	Foreign Investments Flow Into Iraq

Tina Russo

9-10-2008 10:42 AM

947 views

tags:

iraq, foreign investors, infrastructure, najaf, housing

Tina Russo says:

The need for housing and building up the infrastructure in Iraq is drawing the attention and dollars of foreign investors. One major obstacle however: Getting projects approved by the government. Talk about red tape.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/162176df-a8a5-4b5f-845c-16fe27ef9a61/5FBC0A04-0322-4B19-9343-31EE1AAE41C6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.usatoday.com/news/world/iraq/2008-09-09-iraqinvestment_N.htm" href="http://www.usatoday.com/news/world/iraq/2008-09-09-iraqinvestment_N.htm" style="font-size: 11px;">www.usatoday.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.usatoday.com/news/world/iraq/2008-09-09-iraqinvestment_N.htm"><DIV class="inside-copy">Iraq is poised to receive a flood of foreign investment, thanks to improved security. More than $74 billion in projects have been submitted for government approval in just the past five months, according to Iraq's state investment regulator.</DIV>
<P class="inside-copy">The investors include companies from the U.S., Europe, and Gulf Arab states. Their proposals all involve sectors other than oil, including a $13 billion new port for the southern city of Basra, several hotels and thousands of housing units nationwide, says Ahmed Ridha, the chairman of Iraq's National Investment Commission.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5FBC0A04-0322-4B19-9343-31EE1AAE41C6/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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