Iraq and Japan boost investment efforts through a major new agreement. Officials from both countries signed a memorandum of understanding (MoU) titled Logistical Cooperation to Support Investment. This move reflects growing interest in deepening economic and private-sector ties.
Additionally, Mohammed Al-Najjar, Executive Director of the Iraq Development Fund, confirmed the signing of this important deal. He emphasized that the agreement moves beyond typical government partnerships. It marks a shift toward stronger private sector involvement between Iraq and Japan.
Moreover, Al-Najjar thanked Japan for its support over the past 20 years. He acknowledged the many projects and financial contributions that have strengthened Iraq’s development. He also noted that Iraq and Japan boost investment not only through technology but also through meaningful human collaboration.
Therefore, this new agreement will establish two strategic centers. One will open in Japan to represent the Iraq Development Fund. The second will launch in Iraq, representing the Japanese institution involved. These centers aim to drive smoother cooperation and increase business opportunities.
Al-Najjar explained that officials are working quickly to activate the agreement. He pointed out that the MoU will create an operational platform. This platform will support investment through training, business representation, and more direct cooperation.
Moreover, Iraq and Japan boost investment by exploring new methods of collaboration. Both parties intend to build long-term projects that benefit each country. The agreement opens doors for agency partnerships and knowledge sharing as well.
Therefore, the new approach is designed to attract private investors from both nations. Iraqi officials hope this deal will help modernize infrastructure, improve logistics, and create jobs. The focus remains on building trust between companies and streamlining processes that once involved only government institutions.
Furthermore, this MoU arrives at a time of rising interest in Iraq’s investment potential. With economic reforms underway, Iraq seeks reliable international partners. Japan, with its long history of collaboration in Iraq, is viewed as an ideal match.
In conclusion, this agreement shows how Iraq and Japan boost investment by strengthening mutual trust and focusing on practical outcomes. Future projects will likely span a wide range of sectors, including logistics, energy, and education.