Abbas Shamara said that a 13-strong board of directors would be elected when the Rafidain Projects Development Company's 134 founders meet on Saturday in Amman to launch the private shareholding firm, limited for the moment to Iraqi nationals.
"This is the first time in Iraq's modern history that Iraqis of all groups will be joining in setting up an investment holding company abroad that will undertake diversified projects in real estate, tourism and industry," Shamara told Reuters in an interview in Amman.
"Most Iraqi-owned firms have traditionally been either individual or family dominated concerns," said Shamara, whose own private firm manages electricity projects in Iraq.
