The Iraq Development Fund announced today, Monday, the signing of a memorandum of understanding with El Sewedy Electric Company.

That "the Iraq Development Fund signed a memorandum of understanding with El Sewedy Electric Company.

 
He added that "the memorandum aims to establish an Iraqi investment fund under the name (Localization Fund) to attract local and international investments to develop strategic projects in various sectors and also to develop economic alternatives in different fields such as agriculture, industry, and services to reduce dependence on oil.