Iraq is planning to attract investments worth up to $250 billion across various sectors over the next two years.
Spokeswoman for Iraq’s National Investment Commission, Hanan Jassim, told the Iraqi News Agency (INA) that “government policies supportive of investment, along with legislative and regulatory reforms, have enabled the country to attract more than $100 billion in Arab and foreign investments across different economic sectors over the past two years.”
اضافة اعلان
She added that “these investments have been directed toward vital sectors such as industry, infrastructure, housing, energy, education, and health—contributing to job creation and an increase in GDP. This marks an important step toward reducing reliance on oil as the primary source of revenue.”
Jassim explained that “investment initiatives have strengthened investor confidence and positioned Iraq among the region’s promising destinations. A comprehensive plan has been developed to attract up to $250 billion in investments over the next two years.”
She noted that “the National Investment Commission is working to align investment legislation with policy directions by streamlining procedures, reducing bureaucracy, expanding public-private partnerships, and providing flexible incentives along with strong legal guarantees.”
Currently, Iraq is implementing several mega-projects, most notably the construction of the Grand Faw Port in the far south of the country. This project is accompanied by a multi-billion-dollar plan to establish a transport corridor linking southern Iraq to Turkey via road and rail, enabling trade flows to Europe, in addition to other projects in housing, roads, bridges, hospital construction, and critical infrastructure development.
