Conf. with 25 British firms to encourage investment

BASRA / IraqiNews.com: The chief of the Basra Investment Commission announced that the province is hosting on Saturday a conference attended by representatives of British companies working in different fields as a means to encourage investment there. “The event aims basically to bring together a grouping of British and Iraqi businessmen under the sponsorship of Baroness Emma Nicholson of Winterbourne so as to stimulate investment ventures in the province,” Hayder Ali Fadel told IraqiNews.com news agency. He said the vent will deal with investment opportunities in the city and direct meetings between Iraqi and British investors and businessmen to come up with business propositions. The one-day conference is being held at the Manawi Pasha Hotel in central Basra. The oil-rich port city of Basra lies 590 km south of the Iraqi capital Baghdad. AmR (P) 1