The International Finance Corporation (IFC), the private sector arm of the World Bank, has urged international companies to overcome their concerns about financing reconstruction projects in Iraq and capitalize on high-yielding investment opportunities there.
Ziad Badr, head of the International Finance Corporation's mission in Iraq, said in a speech at the Kuwait Chamber of Commerce and Industry, read by the Economist News, that "as the country emerges from a devastating three-year war against Da'ash, I do not think anywhere in the world There are such opportunities for investment. "
"IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project," he said.
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Ziad Badr, head of the International Finance Corporation's mission in Iraq, said in a speech at the Kuwait Chamber of Commerce and Industry, read by the Economist News, that "as the country emerges from a devastating three-year war against Da'ash, I do not think anywhere in the world There are such opportunities for investment. "
"IFC has investments of about $ 1.2 billion in various projects in Iraq, including banks, cement factories and telecommunications companies, and is preparing to announce an investment of $ 250 million in a telecommunications project," he said.
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