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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Report monitors the weakness of foreign investments in Iraq despite their growth in the region

    Rocky
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    Report monitors the weakness of foreign investments in Iraq despite their growth in the region Empty Report monitors the weakness of foreign investments in Iraq despite their growth in the region

    Post by Rocky Sat 17 Aug 2024, 5:22 am

    Report monitors the weakness of foreign investments in Iraq despite their growth in the region
    • Time: 2024/08/17 09:22:37
       
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    {Economic: Al Furat News} The Foreign Direct Investment Report was issued by FDI Intelligence, which specializes in monitoring foreign direct investments around the world, and which deals with investments in the Middle East and Africa region.
    [rtl]Iraqi economic expert, Munar Al-Obaidi, quoted the report as saying that foreign investments in this region recorded a growth of 19% in 2023 compared to 2022, with the implementation of more than 2,600 projects, indicating that the value of these investments amounted to 249 billion US dollars out of a total of 1.3 trillion dollars globally .[/rtl]
    [rtl]Distribution of foreign investments by country :[/rtl]
    [rtl]UAE: 1279 projects[/rtl]
    [rtl]Saudi Arabia: 359 projects[/rtl]
    [rtl]South Africa: 145 projects[/rtl]
    [rtl]Egypt: 133 projects[/rtl]
    [rtl]Morocco: 95 projects[/rtl]
    [rtl]Countries that witnessed the highest growth in the value of foreign investments :[/rtl]
    [rtl]Saudi Arabia: Investments grew by 111% compared to 2022, reaching $29 billion .[/rtl]
    [rtl]The most important investing countries in the Middle East and Africa region :[/rtl]
    [rtl]China: $42 billion in investments[/rtl]
    [rtl]UK: $25 billion in investments[/rtl]
    [rtl]Hong Kong: $20 billion in investments[/rtl]
    [rtl]USA: $17 billion in investments[/rtl]
    [rtl]The most prominent sectors in which investment has been made :[/rtl]
    [rtl]Renewable Energy Sector: $100 Billion Investments[/rtl]
    [rtl]Minerals Sector: $23 Billion Investments[/rtl]
    [rtl]Oil, Gas and Coal Sector: $20 Billion Investments[/rtl]
    [rtl]The report did not mention Iraq's investments specifically, but according to the United Nations Trade and Development Organization, Iraq witnessed an outflow of foreign investments worth $5 billion during 2023 .[/rtl]
    [rtl]Reasons for the weak interest of investors in Iraq despite the available capabilities :[/rtl]
    [rtl]declining business environment[/rtl]
    [rtl]Fragility of the economic and political situation[/rtl]
    [rtl]Poor marketing and promotion of investment opportunities[/rtl]
    [rtl]Weakness of government institutions responsible for the investment file[/rtl]
    [rtl]Lack of interest in foreign investments in the 2024-2028 development plan[/rtl]
    [rtl]Despite the importance of foreign direct investment in Iraq for its role in creating job opportunities and developing the private sector, the state administration still adheres to the traditional approach, which requires a comprehensive change in economic management, improving cooperation and solving regulatory and legislative problems to improve Iraq's ranking in business environment reports .[/rtl]


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