US-appointed members of the Iraqi transitional Governing Council state that Israel will not be allowed to invest in Iraq. The Council is trying to attract mostly Arab investors to invest money in Iraq.
Investing in oil and natural resources is also off limits to foreign investors. However, other areas are 100% to foreign investment. Ali Allawi, the interim Trade Minister, says "There are is one trillion dollars in Arab funds seeking investment.."
The donors conference will be in Madrid from October 23-24. Iraqis on the Council hope they will get enough money to help reconstruct Iraq. Investments may also help Iraq with its foreign debt of 133.5 billion dollars US.