Home
[You must be registered and logged in to see this link.]
- Tuesday,12-11-2024,AM 11:05
- Taisir Al-Asadi
[You must be registered and logged in to see this link.]
Iraq is preparing to launch a wide range of projects with the aim of attracting investments worth up to a quarter of a trillion dollars over the next two years, in an unprecedented move in the country.
The package of investment opportunities includes projects in the fields of renewable energy, industrial and agricultural cities, and railway networks, in addition to the education, communications, tourism and entertainment sectors, according to the head of the National Investment Commission, Haider Makiya.
In an interview with Asharq Al-Awsat, Makkia revealed that the authority has completed all the necessary requirements for 103 investment opportunities, in addition to major future projects, and “it is possible that within the next two years there will be funds flowing in the amount of about 250 billion dollars” to Iraq.
This package comes amid the National Investment Commission’s activity to revive dozens of projects that have resumed work, in addition to reactivating others, and addressing the obstacles facing investors with various sectoral bodies. According to the head of the commission, “the number of stalled projects in all of Iraq has reached 249 projects.”
The National Investment Commission was established in 2006. Since then until the end of 2022, the volume of investments flowing into Iraq did not exceed $35 billion. However, after implementing administrative and technical reforms and setting controls to facilitate the investment process, the volume of investment licenses granted increased to $69 billion by last June, according to Makiya.
Commenting on the statement of the Iraqi Prime Minister, Mohammed Shia al-Sudani, in late October, that “the volume of investment for the year 2024 has reached $100 billion,” Makiya explained that “that number is correct if we add the $69 billion flowing from the same year with other strategic projects such as the Baghdad Metro project and the (Najaf-Karbala Metro) project, the number reaches $100 billion.”
[You must be registered and logged in to see this link.]
» utube 1/2/24 Huge Event Coming: Currency Auction EndingRV/RI by Christmas?Dinar RV Updates [IQD Re
» utube 12/1/24 MM&C MM&C-Iraq Dinar News-Non-Oil Revenue-$62 Billion Investment-Halt Credit Activit
» The Council of Ministers decides to suspend official work next Tuesday
» Emir of Kuwait calls on Iraq to correct usage in Khor Abdullah
» Echoes of Trump’s Threats: Iraq Considers Its Future Away from the Dollar
» Al-Maliki reveals changes in the general amnesty law
» The Council of Ministers holds its session headed by Al-Sudani
» Parliamentary Legal: No signs of holding a parliament session today
» Parliamentarian: Controversial laws will be postponed to the next legislative session if they are no
» MP determines fate of "unified retirement" law
» Census in the third phase.. Planning: A plan to count Iraqis abroad
» Most of them are foreign transfers.. The Central Bank of Iraq sells about 300 million dollars in the
» With more than 8 billion dollars.. Iraq is the second main destination for Iranian exports
» Parliamentary Committee: Plan on Memoranda of Understanding with Neighboring Countries on the Develo
» Health: Contracting with a specialized company to initiate health insurance automation procedures
» Securities Commission: Iraq Stock Exchange Leads Arab Financial Markets
» Reconstruction: Launching plans to establish 11 residential cities in Baghdad and the governorates
» Resources: Iraq's groundwater reserves can fill surface water shortages
» Labor prepares to launch the National Employment Policy
» Explaining the positives of the irrigation fees law in Iraq
» Iraq halts operations at Basra refinery as tanks fill up
» The Private Banks Association signs a cooperation agreement with the University of Frankfurt, German
» An "explosive" increase...more than 680 billion dinars is the cost of developing Baghdad entrances
» End of service bonus paid to more than 6,000 retirees
» Türkiye seeks to increase trade volume with Iraq to $30 billion annually
» Finance confirms the government's keenness to implement reforms to ensure the stability of the natio
» 30 dams for water harvesting
» 90 new projects completed
» Sudanese launches Iduba project
» Al-Fayyadh: We will not allow anyone to cross the borders
» Smart coating to protect oil pipes
» Huge sewerage project in Amara
» Service Effort: Completion of 90 projects by next February
» Labor prepares to launch the National Employment Policy
» Resources for {Sabah}: Iraq’s groundwater storage can fill surface water shortage
» Discussing preparations for the Baghdad International Fair
» Kuran Abdullah: Erbil Food and Agriculture Exhibition witnessed successful trade deals
» Baghdad hosts an economic conference to prevent monopoly
» Trade relations between Iraq and Turkey
» Government Communication to {Sabah}: Electronic payment contributes to strengthening the economy
» The Ministry of Commerce discusses the mechanisms for marketing commercial zero flour and urges bake
» The Minister of Trade heads the Iraqi delegation to the first session of the Iraqi-Turkish Trade and
» Ministry of Interior: Launches SMS service to facilitate communication with customers
» Parliamentary Foreign Affairs Committee stresses the importance of parliamentary diplomacy in streng
» Al-Sudani confirms Iraq's keenness to open partnership horizons with Pakistan
» The Minister of Trade heads the Iraqi delegation to the first session of the Iraqi-Turkish Trade and
» Minister of Finance discusses joint cooperation with World Bank representative in Iraq
» Aleppo Blitzkrieg: Academic Talks About America’s Role in Averting Danger to Iraq
» The Surprise Incident in Syria... Iraq and Iran are two countries at a crossroads: deviation or conf
» Al-Sudani pledges to revive the largest industrial city in eastern Iraq
» Concerns about financial and economic risks.. Reasons for stopping financial transfers to TikTok age
» "Tripartite Measure" Reduces Smuggling in Diyala by 90 Percent
» It will be clear and fixed.. The factions hint at "important" decisions that will be announced soon
» Stability of the dollar exchange rate in Iraq
» Leading to a comprehensive war.. Iraq and Saudi Arabia warn of the danger of expanding the circle of
» New session today, Tuesday, to pass controversial laws under the dome of Parliament
» Iraq plans to build 30 dams to harvest water
» Prime Minister's Advisor: Budget awaits parliamentary amendments to suit government program
» After Parliament failed to pass them yesterday... Will the controversial laws pass today?
» utube 11/28/24 MM&C MM&C-Iraq Dinar News-Oil & Gas-Projects-Budget 2024 Investment
» Parliamentarian reveals the reason for not holding a parliament session yet
» Al-Sudani: We have 12 companies ready to build many schools
» What's Trump's connection? Bitcoin and Ethereum funds raise $7.6 billion
» China affirms keenness to enhance cooperation with Iraq
» The head of the Central Organization for Standardization and Quality Control conducts a field visit
» Ministry of Justice hosts the first meeting of the National Committee for Implementing the Strategy
» Al-Sudani: The Iraq Development Fund is a new idea for managing the state by empowering the private
» Citizens' appeals.. No electricity, we have returned to "the bowl and the jug" for bathing
» Disagreements over 3 laws threaten parliament session.. MP reveals latest developments
» Al-Sudani stresses to Chinese ambassador the importance of urgent action to end regional crises
» Central Bank of Iraq sells $285 million in auction today
» Stop government loans and advances
» World Bank again lowers its expectations for the growth of Gulf economies for 2024
» Al-Alaq: The monetary situation in Iraq is very excellent and the launch of Riyada Bank is imminent
» OPEC stresses importance of historic Vienna agreement that launched OPEC+ alliance
» Iraq launches first phase of 'Edopa' project to build 600 schools
» Oil Products Company: No appointments to our staff
» National Bank of Iraq rehabilitates Baghdad College Secondary School for Boys
» Agriculture unveils plan to support poultry sector, encourage investment
» Degrees without jobs.. Graduates facing the unemployment crisis
» Keeping real estate records in a secure database
» Al-Alaq to {Sabah}: Our critical position is very excellent
» Al-Sudani: We will confront any threat to our land
» Weighing stations in Babylon
» Ministry of Justice to Al Sabah: Preserving real estate records in a secure database
» Minister of Health to Al Sabah: A national fund for the treatment and rehabilitation of drug addicts
» Parliamentary source: The House of Representatives will hold its session at one o'clock this afterno
» The Ministry of Commerce launches the ration card automation project in Wasit as a first phase
» Closed parliamentary meeting with the Minister of Defense and military leaders
» The Board of Directors of the Iraq Development Fund holds a meeting headed by Al-Sudani
» Parliament session suspended.. MP explains the reason for not reaching political understandings
» President of the Republic to the Syrian Ambassador: We are working to prevent the expansion of the c
» Via Baghdad.. Tehran addresses Washington with a brief message regarding the developments in Syria
» Al-Maliki and Al-Araji stress the importance of continuing security and intelligence efforts on the
» Parliamentary Security: Iraq is affected by what is happening in the Syrian interior, but “the borde
» The Governor of the Central Bank announces the imminent launch of the {Riyada} Bank
» Parliament is discussing the amendment to the budget law with government officials to proceed with i
» The Central Bank aims in the middle of the “Tiktokism of Iraq” front and misses the target: The deci