IRAQ: Mitsubishi Heavy Industries Ltd aims to capitalise on the reconstruction of Iraq by opening an office in Basra, the war-torn country’s second-largest city.

Scheduled to open on September 1, the new office will function as a base for flexible sales support and information gathering activities.

Iraq is seen as having high market potential, with numerous infrastructure improvement projects planned as the country’s security situation is gradually restored. Japanese firms continue to enjoy a high level of local trust stemming from their participation in a large number of infrastructure projects during the 1970s, and the Iraqi government has repeatedly voiced its hopes that Japanese companies will take part in the country’s recovery efforts.