The First Deputy Speaker of the House of Representatives, Adnan Feyhan, inaugurated today, Tuesday, the activities of the (16th Arab-Austrian Economic Forum), organized by the Austrian Arab Chamber of Commerce and the Iraqi Embassy in Vienna under the slogan: (Effective Multi-Track Diplomacy for Building Sustainable and Productive Partnerships), with the participation of Arab and European officials and diplomats, in addition to representatives of the private sector.
Feyhan confirmed, according to a statement we received from the News Video Agency, that the meeting embodies a shared will to build strategic and sustainable economic partnerships based on dialogue, cooperation, and the exchange of expertise. He pointed out that international relations cannot be completed solely through diplomatic frameworks but require the convergence of parliamentary and governmental wills with the dynamics of the private sector around clear development visions and mutual vital interests.
He noted that Iraq possesses significant components of human resources, natural wealth, and a strategic location connecting regional markets to international ones, alongside a serious national vision to diversify income sources and modernize the productive infrastructure, prioritizing the development of its relations with Austria and European Union countries.
He expressed his aspiration to open broad horizons for cooperation in key sectors that represent the pillars of the national development program, foremost among them are infrastructure projects, updating transport and railway networks, developing the energy sector and shifting towards renewable energy, as well as enhancing food security, modern agricultural technologies, water resource management, healthcare, education, and technology, inviting European companies to enter the Iraqi market and explore promising opportunities through solid operational and investment partnerships with their Iraqi counterparts.
Feyhan emphasized that the House of Representatives seeks to support a legislative environment that organizes investment and provides the necessary legal guarantees to protect foreign capital and projects, as well as exercising its oversight role to facilitate procedures and remove bureaucratic obstacles, confirming at the end of his speech the central role of the private sector as the actual driver of any economic growth and its ability to translate the outcomes of this dialogue into real developmental projects, quality job opportunities, and the localization of modern technologies and expertise.