Only this year’s budget for reconstruction of Iraq will be USD 130 billion. Until 2016 it will be doubled, which means that there will be construction on a broad front. Now are implemented infrastructure projects – ports, roads, bridges, energy, water and sanitation facilities but also residential and administrative buildings. “Bulgarian construction companies have a great opportunity to work on many of them,” said Iraqi Minister of Construction and Housing Mohamed Sahib Al-Deraji. He led an official delegation that held a working meeting with the management of the Bulgarian Construction Chamber (BCC) in the headquarters of the organization.
BCC Chairman Eng. Svetoslav Glosov got the guests acquainted with the role of the branch structure as partner of the institutions and as a guarantor for the capacity and professionalism of Bulgarian companies working in the country and abroad through the issue of a certificate by the Central Professional Register of Builders. He underlined that our builders have gained experience over the years in building hospitals, roads and other facilities in Iraq. Recently cooperation with other countries in the region, such as Morocco and Algeria, has also developed well.
Minister Sahib Al-Deraji expressed his expectations that the BCC management would introduce the members of the organization with the prospects for cooperation with Iraq in construction. According to him, they are enormous and so he hopes soon our construction companies to visit Bagdad. Moreover, in the capital will be organized an exhibition of produced in Bulgaria construction materials so that local companies get informed about imports from our country. The minister sees also prospects for cooperation in sending engineers from Iraq to specialize in our country.
On the question of security of foreign companies in the country the minister explained that it is guaranteed as there are individual incidents only in the western part. He stressed that for the smooth introduction of our companies on the Iraqi construction market is necessary to find a local partner or a bank which interacts with such Iraqi financial institution to guarantee.