U.S. investment and business in Iraq quadrupled in 2011, along with huge gains for foreign businesses overall. Iraq’s oil industry in particular is attracting foreign companies as Iraq’s government spends billions of dollars to upgrade infrastructure to make the country a more attractive investment. U.S. companies reached deals worth $8.1 billion through Dec. 1, up from $2 billion last year and total foreign investment and business activity hit $70 billion, up from $42.7 billion last year.
Foreign Business in Iraq Quadrupled in 2011
John Glaser writes for Antiwar.com.
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