Babylon discusses investment opportunities with the European Union ambassador

   Babylon discusses investment opportunities with the European Union ambassador

The local government in Babylon announced today, Tuesday, the reception of the European Union Ambassador to Iraq, Thomas Seiler, where the prospects of supporting European companies' investment in Babylon Governorate in various sectors were discussed.

Babil Governor Adnan Al-Faihan said, "During the meeting, the most prominent investment opportunities available in the province were reviewed, based on Babil's distinguished strategic components that qualify it to be at the forefront of Iraqi provinces in the industrial and agricultural fields, especially since it is the food basket of the Middle Euphrates, and has appropriate infrastructure and a fertile environment for investment.

He added, "We also provided the ambassador with a detailed explanation of the province's distinguished geographical location, its natural resources and the abundance of arable land, in addition to the presence of government and private factories that are capable of development, stressing our serious desire to attract investments to advance the economic and urban reality, and transform Babil into a competitive center capable of keeping pace with developed countries, especially since some of those countries do not have the capabilities and advantages that Babil possesses."

He stressed the local government's confirmation of the province's full readiness to cooperate with all European companies wishing to invest, while providing all necessary facilities and guarantees to create an attractive investment environment that contributes to achieving sustainable development and the desired economic prosperity.  link