Basra Investment Commission confers with British Council on investment in Province.

BASRA / IraqiNews.com: The Chairman of the Investment Commission in southern Iraq ’s Basra Province has conferred with the British Consul in Basra , Richard Wood, on Wednesday on means for presenting facilities for British companies to invest in the Province.   “Talks took place with the British Consul on the issues of joint economic and investment relations, as well as means for hammer down the obstacles confronting the British companies in Basra and to render necessary facilities to allow the entrance of investors, along with holding a broad meeting with those companies to get acquainted with the Province’s investment environment and chances opened in different sectors,” Basra’s Chairman of Investment Commission, Haider Ali Fadhel told IraqiNews.com news agency.   Noteworthy is that among the projects that scored investment licenses to invite British companies to invest in Basra , had been the project of Basra ’s Logistic Project and the New Shueiba Electric Power Station.   Fadhel also called on the British Consul “to accelerate the registration of British companies by the Iraqi Trade Ministry, in order to facilitate their granting of government tenders.”   On his part, British Consul, Richard Wood, had reiterated that the security stability witnessed in Basra, had helped in the activation of the investment movement and the opening of several branches for foreign companies that work without special protection in the Province.   SKH (TR) 637