Home
In line with its continuous efforts to deepen client relationships, Standard Chartered Bank on Monday hosted an informative session tailored for Korean businesses interested in investing in Iraq.
Senior representatives from the bank’s Iraq unit and corporate banking experts participated in the one-day seminar held in Seoul, providing rare insights for South Korean clients interested in investing in oil, power and infrastructure projects in the Middle Eastern country, the bank said.
Gavin Wishart, CEO of Standard Chartered Bank Iraq, stated, “Iraq provides substantial opportunities for world-renowned Korean construction and engineering companies.”
The gross domestic product of Iraq, one of the world’s largest oil producers, is expected to surge 6 percent this year and a further 8.5 percent in 2015, according to an analysis from the bank.
The CEO noted that the Iraqi government, which is pushing for large government-led reconstruction projects, is striving to invite foreign investment by enacting special laws to offer incentives and significantly expand its budget to better accommodate foreign investors.
Ajay Kanwal, the newly minted chief executive of Standard Chartered Bank Korea, recently told the press that the global bank would focus on helping Korean businesses cross borders, resulting in increased growth for the country, by using its extensive global network. [You must be registered and logged in to see this link.]
Senior representatives from the bank’s Iraq unit and corporate banking experts participated in the one-day seminar held in Seoul, providing rare insights for South Korean clients interested in investing in oil, power and infrastructure projects in the Middle Eastern country, the bank said.
Gavin Wishart, CEO of Standard Chartered Bank Iraq, stated, “Iraq provides substantial opportunities for world-renowned Korean construction and engineering companies.”
The gross domestic product of Iraq, one of the world’s largest oil producers, is expected to surge 6 percent this year and a further 8.5 percent in 2015, according to an analysis from the bank.
The CEO noted that the Iraqi government, which is pushing for large government-led reconstruction projects, is striving to invite foreign investment by enacting special laws to offer incentives and significantly expand its budget to better accommodate foreign investors.
Ajay Kanwal, the newly minted chief executive of Standard Chartered Bank Korea, recently told the press that the global bank would focus on helping Korean businesses cross borders, resulting in increased growth for the country, by using its extensive global network. [You must be registered and logged in to see this link.]
