Daimler signs memorandum of understanding with government of Iraq


Stuttgart, Germany, Jul 23, 2008 - Daimler AG and the government of the Republic of Iraq have signed a memorandum of understanding on future cooperation in the presence of Michael Glos, German Federal Minister for Economic Affairs.

In the memorandum, Daimler AG emphasizes its willingness to support the economic revival of Iraq through various measures. Paramount in this process is the provision of transport capacity, particularly trucks and buses, and also the provision of the required technical expertise. The two sides will together appoint a group of experts that will identify the market requirements as well as the financial, legal, and organizational possibilities.

Already in the middle of February 2008, Daimler AG started the operation of a training centre in Iraq as part of the Group’s corporate responsibility activities. Within the context of Daimler’s intended activities in Iraq, it is planned to provide local employees with training so that they can gain the required qualifications.

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