On July 22, 2019, at a meeting in Moscow, Ekaterina Naumova, CEO of Alterra Investment and Financial Company LLC (Russia), and Basim Oleiwi Nahi Al-Dawoodi, Chairman of the Board of Al-Bayraq Universality For General Contracting Co Ltd (Iraq), signed a Memorandum of Understanding.

In the document, the companies identified their positions as favorable for working in the field of direct investment in infrastructure facilities and expressed their pursuit for further cooperation. The forms of cooperation between the parties in the future may include the exchange of information, the development of ideas for investment, joint implementation of investment projects, as well as other options as agreed by the parties.

It is important to note the high role of Al-Bayrak Universality For General Contracting Co Ltd in the domestic market of Iraq. The company is a leading engineering and consulting firm in Iraq, which helps clients around the world in professional planning and development, design, consulting, construction and operation of infrastructure facilities. The company has a good experience in conducting information sessions within the framework of their contractual obligations with government organizations and institutions in Iraq. The company has been operating in the Iraqi market for more than 20 years. The volume of successfully executed contracts exceeds 120,000,000,000 Iraqi dinars. The design and construction of more than 30 objects was carried out, including, but not only: the construction of roads, hospitals, air bases, engineering structures and housing. The company’s website. The management of the Company is characterized by a quick, substantive and practical approach to any activity.

We are glad that the interaction has begun. We hope for further development of interests in the field of activity indicated in the Memorandum, for the emergence of joint interesting and promising projects.