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Iraq's move to attract $250 billion in investments welcomed
Economic 2024/11/13
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The Chairman of the National Investment Commission, Haider Makiya, confirmed the trend to attract investments of up to $ 250 billion over the next two years. Economic circles described this matter as not impossible in light of the sincere will of international companies wishing to be present in the Iraqi economic arena. The
economic expert, Amer Naji Saleh, said: Iraq is capable of attracting land investments to the country, noting that this matter requires cooperation from all parties in order to provide the ideal work environment that provides real fluidity to implement major projects without hesitation.
Money and Technology
Saleh added that the government's direction carries within it a lot of benefit for the country, as it came with the most important requirements of the investment process in Iraq, represented by capital and advanced technology, which saves time and effort in a country that needs a large number of projects in all sectors without exception.
Executive capabilities
He pointed out that the Iraqi private sector now has executive capabilities that rise to the level of global performance, and it can support any government efforts aimed at developing the economy through implementing productive or service projects. Today, the Iraqi private sector has left clear evidence in more than one economic juncture that reflects its true capabilities.
Saleh explained that the most important feature of the projects that the government aims to launch is that they are ready projects with all approvals, and do not require reviews from any of the responsible authorities. This is the first experience in Iraq in this form to provide job opportunities that are directly implemented.
A quarter of a trillion
The head of the National Investment Commission, Haider Makiya, had revealed in a press statement that 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 step in the country, and includes a package of investment opportunities 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.
He pointed out 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 into Iraq amounting to about 250 billion dollars."
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