Grasp Iraq’s Outstretched Hand

Iraq’s economic potential continues to grow. Citigroup says Iraq could be a $2 trillion economy by 2050 and Ambassador Faily has reiterated that increased investments in Iraq reflect a more positive era in U.S.-Iraq relations.

Iraq’s economic potential continues to grow and is seen through recent investments and partnerships.

Citigroup’s recent decision to open an office in Baghdad – as the first major U.S. bank to enter Iraq – builds on already significant investments in the country: oil companies, car dealerships, hotels, and other various goods and services. More opportunities are expected to present themselves after the U.N. Security Council voted formally to lift sanctions Iraq. The Iraqi business community is infused with optimism about mutual development and increased commerce that could result from more sustained American investment.

Iraq is turning a corner. Iraq’s new ambassador to the United States, Lukman Faily reiterates that message in a recent op-ed, stressing that there will be a new, more positive era in U.S.-Iraq relations to come.

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To read Ambassador Faily’s opinion editorial in the Wall Street Journal, click here.