Arab FinanceElsewedy Electric signed a memorandum of understanding with the Iraq Fund for Development to establish an Iraqi investment fund under the name of the Settlement Fund to attract local and international investments to develop strategic projects in multiple sectors, with the aim of developing economic alternatives in various fields such as agriculture, industry, and services to reduce dependence on oil, according to statement Journalist.
The partnership will focus on developing an attractive investment environment and opening new horizons for cooperation between strategic international and local investors.
Through this partnership, the company seeks to provide the necessary support and expertise in implementing integrated projects, as well as to support human resources by developing schools and universities for technical and vocational education in accordance with international curricula and standards,” according to what the Chairman of the Board of Directors and Managing Director of the company, Ahmed Al-Suwaidi, said.
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