Friday, 09 November 2012 11:16

Video  -  Tony Blair: “UK firms should invest more in Iraq”



Tony Blair urges British companies to step up their investment in Iraq and take advantage of the “enormous opportunity” presented by the country’s reconstruction efforts. In a speech to business leaders, the former Prime Minister said the war is one of the “compelling reasons” why British companies should be part of Iraq’s future.


Mr Blair, who took the UK to war in Iraq to depose Saddam Hussain, said Britain should not shy away from doing business in the war-torn country, where the biggest investor is now South Korea. He made the case for British companies to exploit its economic potential at a conference of the Iraq British Business Council, whose members include a raft of oil companies, including BP, Shell, ExxonMobil, Chevron, Petrofac and Vitol. “Naturally, in addition, to the economic and industrial reasons, British forces helped liberate Iraq from Saddam and for years with much heroism and sacrifice helped Basrah survive the sectarian aftermath. They should be proud of what they achieved,” he said.


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