Emirati investors are being targeted by a new fund aimed at funnelling capital to projects in Iraq as the country rebuilds its infrastructure.
The Trade Bank of Iraq plans to launch the fund next January with an initial size of US$250 million (Dh918.2m). That amount could double by the end of next year.
“Iraq is really at an important crossroads,” said Hussein al Uzri, the president and chairman of the Iraqi government-owned bank. “Now we see the businesses coming and substantial numbers of investors.”
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