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EMportal in Istanbul

Iraqi trade minister calls on Turkish companies

29. January 2010. | 09:03

Source: EMportal

Safaa Al Deen Al Safi, Iraqi trade minister, has called on Turkish companies to expand their interest, which is mostly focused in northern Iraq, to all other Iraqi zones.

Safaa Al Deen Al Safi, Iraqi trade minister, has called on Turkish companies to expand their interest, which is mostly focused in northern Iraq, to all other Iraqi zones.

Al Safi delivered a speech Tuesday during a workshop dinner hosted by Nejat Koçer, board member of Turkey's Union of Chamber and Commodity Exchanges, or TOBB, at the TOBB University of Economics and Technology, or TOBB-ETÜ.

Highlighting the importance of hospital and school projects, Al Safi said that Turkish companies had a better chance compared to other international firms when it comes to winning the auctions that are planned to be held in Iraq.

There are many infrastructure and superstructure projects in Iraq the government is seeking for someone to shoulder, said Al Safi. Many factories need maintenance and repair, he said, and urged Turkish companies to get involved. The security issues of the country are also improving, he said, adding that both countries also need to start working on drafting a free trade agreement.

Trade volume between Turkey and Iraq has reached $5.5 billion by the end of last year, said Koçer. That figure made Turkey Iraq’s largest trade partner, he added. “The aim is to increase that to above $20 billion.”

The studies to enable such high target have taken effect, said Koçer. TOBB is ready to construct another border gate, which will be an alternative to Habur border gate, he said.

Turkish companies offer their high quality services in Iraq in the construction of real estate projects, military facilities, infrastructure projects such as, roads, bridges, dams, social facility projects, such as, schools and hospitals, said Koçer. He also requested for Iraq to prioritize Turkish energy companies in terms of managing energy resources

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