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Foreign Investment in Iraq Up
http://www.newser.com/story/30232.html ^

Posted on 06/17/2008 3:03:58 PM PDT by newbie2008

(Newser) – European and Asian investors are taking advantage of the recently stabilized Iraqi business climate, USA Today reports. US firms still regard Iraq as too dangerous to invest in, but that attitude may cost them the best opportunities. The firms “who are getting in on the ground floor are not American," says a Pentagon official. "It's ironic."

Iraq has attracted $500 million in foreign investment just this year. Many of the countries with the largest business presence—such as France, Russia and Turkey—did not take part in the initial invasion. Americans' cold feet perplex some. Says a Washington-based Iraqi official: "My question is, 'Where are you guys in terms of investment, in terms of economic engagement?'”


TOPICS:
KEYWORDS: iraq; iraqieconomy; rebuildingiraq

1 posted on 06/17/2008 3:03:58 PM PDT by newbie2008
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To: newbie2008

$500 MILLION??? Let us take a look at how much the United States has INVESTED in Iraq — in terms of not only a staggering amount of dollars, but the lives of good soldiers. And the MSM says we are hedging???


2 posted on 06/17/2008 3:06:48 PM PDT by EagleUSA
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To: newbie2008
Where are you guys in terms of investment, in terms of economic engagement?

They want money? I guess several thousand dead, many thousands injured, and 600 *billion* and counting dumped into that country don't count.

Maybe Walmart will move into downtown Baghdad, make these guys happy.

3 posted on 06/17/2008 4:39:05 PM PDT by dragnet2
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