The Iraq 2007 Banking, Finance and Development Conference was just recently held in London and apparently State Owned enterprises are ramping up to be sold to private enterprises who wish to develop these business in Iraq.
The Iraqi Ministries came to London with a plan and will be appointing advisors to sell off different sectors and industry of the State Owned Business (SOE’s) interesting sectors such as Construction companies, hotels and airlines.
The hydrocarbon law might have had a break through and possibly be sent to Parliament for approval with in the next two weeks.
With the upcoming direct foreign investment we all are hoping and that Iraq so desperately needs along with the passing of the hydrocarbon law would jump start the economy and the reconstruction phase for Iraq.
Let’s all hope they get the memo written and the selling of the SOE’s completed before the September 15th report to the U.S. Congress by the General and allow Iraqi’s to stop leaving Iraq.