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Iraq invests $ 186 billion over five years
The oil and gas sector accounts for 38% of these investments
Mubasher: Iraq plans to invest about $ 186 billion in projects in different sectors in five years, with the private sector contributing more than 40%.
The Iraqi Minister of Planning pointed out that the oil and gas sector ranked first, taking possession of 38% of these investments, and the infrastructure sector by more than 20%.
Salman al-Jumaili said in a statement to the Ministry of Planning on Wednesday that Iraq according to the development plan 2018-2022 plans to launch projects in the field of infrastructure about $ 5 billion in the form of investment opportunities in partnership with the private sector local and foreign.
Al-Jumaili said there is planning to develop a successful model of public-private partnership in the region with investments worth $ 10 billion over the next five years. It will focus on power generation, water and sanitation, renewable energy, transport, infrastructure, urban development, solid waste, urban development and green economy.
The Minister of Planning, in his address to the Sixth International Conference on Infrastructure Cooperation, which began its work in South Korea, Seoul on Tuesday, the desire of the Korean companies to play an active role in the reconstruction and development in Iraq, according to the official account of the Iraqi Ministry of Planning on FB.
Iraq announced in April of this year targeted economic growth rates of about 7% of the National Development Plan 2018-2022.
According to Iraq's Vision 2030, the National Development Plan aims to raise GDP to 292.5 trillion dinars in 2022.
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Iraq invests $ 186 billion over five years
The oil and gas sector accounts for 38% of these investments
Mubasher: Iraq plans to invest about $ 186 billion in projects in different sectors in five years, with the private sector contributing more than 40%.
The Iraqi Minister of Planning pointed out that the oil and gas sector ranked first, taking possession of 38% of these investments, and the infrastructure sector by more than 20%.
Salman al-Jumaili said in a statement to the Ministry of Planning on Wednesday that Iraq according to the development plan 2018-2022 plans to launch projects in the field of infrastructure about $ 5 billion in the form of investment opportunities in partnership with the private sector local and foreign.
Al-Jumaili said there is planning to develop a successful model of public-private partnership in the region with investments worth $ 10 billion over the next five years. It will focus on power generation, water and sanitation, renewable energy, transport, infrastructure, urban development, solid waste, urban development and green economy.
The Minister of Planning, in his address to the Sixth International Conference on Infrastructure Cooperation, which began its work in South Korea, Seoul on Tuesday, the desire of the Korean companies to play an active role in the reconstruction and development in Iraq, according to the official account of the Iraqi Ministry of Planning on FB.
Iraq announced in April of this year targeted economic growth rates of about 7% of the National Development Plan 2018-2022.
According to Iraq's Vision 2030, the National Development Plan aims to raise GDP to 292.5 trillion dinars in 2022.
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