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An Egyptian company signs a memorandum of understanding to develop an industrial zone in Iraq



Counselor Mohamed Abdel-Wahab, CEO of the General Authority for Investment and Free Zones, and Ambassador Walid Ismail, Egypt's ambassador to Iraq, witnessed the signing of a memorandum of understanding between the National Investment Commission in the Republic of Iraq headed by Suha Daoud Najjar, and the El-Suwaidi Electric Company, represented by the CEO and Managing Director, Eng. Ahmed Al-Suwaidi, regarding the development and development An integrated industrial zone in the Republic of Iraq.

 

This signature comes on the sidelines of the visit of the Chief Executive Officer of the General Authority for Investment and Free Zones, Counselor Mohamed Abdel Wahab, to the Republic of Iraq to discuss opportunities for joint cooperation in the fields of investment and exchange of experiences between the two parties regarding investment and legislative incentives in addition to various investment systems.

 

The cooperation protocol between the National Investment Commission in the Republic of Iraq and Al-Suwaidi Electric Company includes the development of an integrated industrial zone on an area of ​​5 million square meters in addition to managing and marketing the area for various industries, through the Iraqi National Investment Commission providing all the procedural facilities and licenses necessary to start implementing the project as well as implementing Tax exemptions and investment benefits stipulated in the laws in force in the Republic of Iraq, with tax exemptions and investment benefits granted to investors in the region in order to attract and encourage local and foreign investment.

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Tucson Company Inc
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