Korea-Iraq Joint Committee Resumes After 6 Years...Expectations for Orders Including Bismaya Project

The Korea-Iraq Joint Committee will be held on the 21st at the Grand Hyatt Hotel in Yongsan-gu, Seoul.

Ministry of Land, Infrastructure and Transport / Photo by Hyunmin Kim kimhyun81@

The Ministry of Land, Infrastructure and Transport announced on the 20th that a Korean delegation led by Minister Won Hee-ryong (consisting of 14 ministries and 5 agencies) and relevant Iraqi ministries will attend the meeting.

The Korea-Iraq Joint Committee had been suspended since 2017 due to instability in Iraq but resumed this year after six years. The resumption was triggered by Minister Won's proposal to Iraq to establish a regular cooperation platform between the two countries through the One Team Korea bidding activities.

With the reactivation of the high-level cooperation channel, memorandums of understanding between the two countries are expected to be signed in various fields such as transportation, aviation, and diplomacy. Discussions on the participation of Korean companies in large-scale projects such as Iraq reconstruction and the Bismayah New City project are anticipated, which is expected to have a positive impact on overseas orders.

Minister Won Hee-ryong of the Ministry of Land, Infrastructure and Transport said, "Since the establishment of diplomatic relations in 1989, the Korea-Iraq Joint Committee, which has laid the foundation for friendly relations between the two countries, has resumed, and we expect the market for large-scale project orders such as transportation and infrastructure construction in Iraq to open."

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