Yahya Al-e Eshaq, the chairman of Iran-Iraq Joint Chamber of Commerce, has called on the Iranian private sector not to lose the potentials of the Iraqi market.
Speaking in an exclusive interview with Iran Chamber of Commerce Newsroom, Al-e Eshaq cautioned that other rival countries are entering the Iraqi market and if Iran fails to act in a calculated way, it will lose the potentials of this market.
He noted that Iraq has plans to invest as much as $150 billion a year in their infrastructural projects within the next three years, adding that Iran can have a 30 to 50 billion dollars share of this investment.
Al-e Eshaq urged the Iranian private sector to invest in Iraq as he said 70% of the Iraqi constructional projects rely on imports.
He also called on the private sector actors of Iran to take risks and make investments in the Iraqi technical and engineering and tourism projects.
The businessman also touched upon the problems hindering financial exchanges between Tehran and Baghdad, stressing that there are different solutions to these problems and the country has experts who can resolve the issue.