UK and Egypt to Invest in Iraq

The Baghdad Investment Commission on Tuesday granted two investment permissions, one to a British company and the other to an Egyptian firm, to invest in two projects in Baghdad at a total cost of more than US$3 million. “The first permission was granted to a British firm to establish a park in Baghdad at a total cost of US$2 million,” the commission said in a statement as received. “The second permission was granted to an Egyptian firm to establish a center for heavy duty equipment in Baghdad at a total cost of US$1.2 million,” the release added.- Aswat Al Iraq