Iraq's pro-active approach to Foreign Investment for 2010

In an effort to continue its outreach to sources of foreign investment funds, Ali Hati Mohammed Al Mousawe - the General Director of the National Media Center (NMC) for the Prime Minister’s office invited SAK representatives: Larry Sowell, Ammar Mahdi and Ahmed Radi Hadi to the Council of Ministers Headquarters in Baghdad’s International Zone to discuss ways in which the Prime Minister’s Office and the Council of Ministers can coordinate their collaborative efforts with foreign investors.

The NMC has a significant role in the Prime Ministers’ and Councils of Ministers redevelopment initiatives of the citizens of Iraq. The NMC is tasked to liaison between foreign Investors and the central government. It also serves as a broadcast link between the Investors and the Iraqis who will benefit the most from the 2010 initiatives. The NMC website, http://www.nmc.gov.iq , links the announcements of activities of all Ministries of Government, the National Investment Committee and outside investors to those seeking such information.

Former Iraqi Economics Channel anchor and freelance journalist, Maha Talib Ali Ali Marsomi, assisted in coordinating the meeting between SAK and the NMC. Maha Talib Ali Ali Marsomi is developing a series of articles chronicling the activities of one of the first foreign investment companies to have established a permanent office in Baghdad. “I hope I can do something to inspire my people. I hope that what I contribute will encourage businesses outside of Iraq to come here and invest.”

Iraq’s investment opportunities are far greater than Petroleum and Petroleum Exploration. Large scale redevelopment projects are on the construction schedule of several ministries for fiscal year 2010. It appears that for the first time since the 2003 liberation, the Iraqi Government and Ministries will spend significantly more on infrastructure improvements than security. Larry Sowell, SAK Project Director, stated all indications imply that 2010 will be a very good year, not only for SAK, but any company associated with infrastructure development. “Security in Baghdad is improving, contrary to the perception of recent events; Baghdad is becoming easier to navigate. I can move freely throughout the city everyday I travel.”

We at SAK are grateful and encouraged that the National Media Center took the opportunity to invite our staff for comprehensive discussions regarding our investment strategy in Iraq. We welcome their offer to assist our company in pursuit of our long term objective in Iraq whenever and wherever possible. We look forward to a long standing collaboration with the National Media Center and their staff for the benefit of the Iraqi people.

Sanna Al Kassir in conjunction with its partners operates offices in Australia, China, Dubai, Jordan, Lebanon, Switzerland, Saudi Arabia and the United States and has maintained an active presence in Iraq since early 2005

SAK corporate website www.sakcommodities.com

For all media inquires in Arabic contact Ammar Mahdi +964 770 971 4477, in English +964 780 019 1674, and in the United States Luke Sestito 001 859 802 8494

SAKCommodities, a full spectrum Import and Export Trading Company has opened the first foreign owned, operated and staffed, office downtown Baghdad, Iraq.

Our unique position affords us easy and virtually unrestricted access to our associates, partners, local nationals and governmental agencies to capitalize on Iraq's emerging market. We are the first company to provide eyes and ears on the ground in Baghdad, outside of the restrictive aspects of the fortified compounds, providing real-time business information in support of our clients.

SAKCommodities can assist your business, establish trading links, or exchange real time data.

We deal regularly in Crude Oil, Bunker Oil, Sulphur, Cement, Sugar as well as Palm Oil, Sunflower Oil, Wheat, Bauxite, Iron Ore, Chrome Ore, Rice and Milk Powder.

Sanna Al Kassir General Trading Company
Karrada Sector 913, Street 13, Building 3
Suite 13/14 Baghdad, Iraq

This release was published on openPR.