The White House
President George W. Bush
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For Immediate Release
March 26, 2004

Iraq's Joint Venture Initiative
Iraq Fact of the Day

Private sector investment is fueling Iraq's construction industry. At a recent conference in Baghdad, 25 companies from around the world committed billions of dollars in investment capital for reconstruction projects. Through Iraq's Joint Venture Initiative, these companies will provide Iraqi companies with new technology and management training. This is another important step towards building a vibrant, free market economy in Iraq.

Source: Coalition Provisional Authority, Baghdad

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