A symposium entitled "From Exports to Entering Construction Projects in Iraq" was held February 23 in Kuwait on the margins of the Kuwaiti industries exhibition, reported the Kuwaiti newspaper, Al-Watan. Iraqi businessman called Kuwaitis to catch up with other Arab neighboring countries in the volume of bilateral trade between the two countries. The head of the Iraqi contractors in Basra, Muhsin Jalub, suggested that Kuwaiti factories of building materials will activate additional production lines; especially for the Iraqi market.
The representative of the Inter-Arab Investment Guarantee Cooperation said that the organization resumed its guarantees for Arab companies exporting or investing in Iraq through new procedure of establishing investment funds for the citizens of each Arab state who want to invest in Iraq. The organization will manage these funds for the countries through guarantee contracts. Kuwait and Saudi Arabia, added Ayham Abu Rashid, showed the warmest response to this new procedure, thus the establishment of funds to serve their citizens is on its final stages at present.
