Business

Eye opportunities in Iraq, Malaysian companies urged

Workers of South Oil Company adjust a valve at the Rumaila oil field in Basra Province. ― Reuters picWorkers of South Oil Company adjust a valve at the Rumaila oil field in Basra Province. ― Reuters picKUALA LUMPUR, Oct 23 ― Malaysia could play a big role in rebuilding war-scarred Iraq, including by investing in key areas, said Iraqi Ambassador to Malaysia, Dr Amal Mussa Hussain Al-Rubaye.

She said Malaysian companies should seek business opportunities in, among others, education, tourism and petroleum sectors.

“Iraq has a good and strong relationship with Malaysia. Therefore, Malaysia should seek business opportunities in our country,” she told reporters after calling on Dewan Negara president Tan Sri Abu Zahar Ujang at Parliament building here today.

The envoy pointed out that Malaysian oil giant Petronas was already involved in the Iraqi oil sector.

Allaying safety concerns in her country, she said its economy was recovering well, with many countries starting to set up new businesses there.

Meanwhile, Abu Zahar said Dr Amal had invited him and Malaysian parliamentarians to visit Iraq, with a view to enhancing bilateral ties.

“In our meeting just now, she was receptive to views from Malaysian members of parliament on how to go about rebuilding Iraq,” he said.

The discussion, he said, also touched on good linkages between Baghdad and Kuala Lumpur in politics, business and other fields. ― Bernama

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