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  • 28-03-22

    Ambitions of Iraqi startup firms to draw more overseas investments

    (MENAFN) Tech start-ups in Iraq, ran by determined young people, are aiming to draw more overseas investment, boost the private sector and aid in decreasing the nation's dependence on oil profit in spite of functioning in difficult market circumstances.

    Based on businesspersons, venture capital funds and incubators working in the nation, from e-commerce to green technology, AgriTech, FinTech as well as food delivery, investment prospects thrive in start-ups in a range of potential sectors.

    According to Ali Al-Suhail, managing director of angel investor network Kapita, "Iraq is being transformed," and added, "the winds of change are upon us … there is a strange entrepreneurial vibe taking over the country."

    MENAFN28032022000045013568ID1103923304

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