Monday, July 25, 2005

Iraq Privatization

Adel Karim, a deputy minister for industrial development, said Iraq wants to sell cement, brick and pharmaceutical factories as a first step. He declined to discuss details or say if the oil sector may also be considered, but he conceded that deteriorating security could hamper the plan.
"The security situation in Iraq is extremely bad, and obviously safety remains a top priority for businessmen who think about coming to invest in Iraq," Karim told The Associated Press. He spoke on the sidelines of a workshop on investment opportunities in Iraq, organized by his ministry in cooperation with the American Chamber of Commerce in Jordan.

No comments: