Iraq Development Program - DP World plans to invest in Iraq

DP World plans to invest in Iraq (27/03/08) Dubai Ports World, a Dubai government owned company, is preparing to enter the Iraqi market to take advantage of growing investment opportunities.

		Mohammed Al Muallem, Senior Vice President and Managing Director - UAE Region, said: "The Dubai Ports World plans to invest in Iraq, in order to take advantage of investment opportunities there." Speaking on the sidelines of First Saudi International Forum on Ports and Maritime Transportation in Riyadh, Al Muallem said that DP World interest in the country was at an advanced planning stage, having already put forward relevant strategies for the future to explore opportunities in Iraq.
"Iraq one of a number of developing countries that offer good investment opportunities, and we will put forward appropriate solutions to take advantage of these opportunities," he said. Regarding the timing of any entry into Iraq, Al Mullaem said: “We are waiting for the right moment time to implement our strategy”. He declined to offer any details of the company’s strategy or the potential size of its future investment. Source: Noozz

DP World plans to invest in Iraq (27/03/08)