The fair was inaugurated by Amr Mosa, Arab League Secretary General and Egyptian minister of international cooperation, Faiza Abu Naja. Iraqi minister of planning, Ali Baban, was also present.
More than 250 Arab entrepreneurs attended the opening session as well as 8 companies.
The fair is part of Iraqi government’s efforts to lure foreign investors, particularly from Arab countries.
Foreign companies and investors have left Iraq due to the upsurge in violence.
Iraqi government officials at the fair promised to remove hurdles preventing Arab investors from working in Iraq.
Investment opportunities are plenty in the country whose basic infrastructure is in urgent need of repair.
It is hard to persuade foreign investors to return at a time Iraqi entrepreneurs are fleeing the country along with their capital.(Source)Azzaman