Advisor to the Prime Minister for Investment Affairs, Executive Director of the Iraq Development Fund, Mohammed Al-Najjar
reconstruction and construction
Economy News – Baghdad
The Advisor to the Prime Minister for Investment Affairs, Mohammed Al-Najjar, revealed, on Wednesday, the value of investment projects that will be implemented in Iraq during the coming period.
Al-Najjar said in a televised statement, followed by “Economy News”, that “The economic growth that Iraq is currently witnessing is due to a number of reasons, the most important of which is the maintenance of oil prices on their stability, as this has contributed to achieving financial abundance, as well as calm and political stability, which prompted the private sector to inject very large sums of money with strategic projects.”
He added that “the value of the investment projects that will be implemented in Iraq is estimated at $450 billion, most of which are related to infrastructure and climate change,” noting that “Qatar, Saudi Arabia and the United States are the most prominent countries investing in the coming period, as Iraq signed several agreements with those countries.”
Al-Najjar continued, “Iraq, according to these data, will record the highest levels of economic growth in the world,” noting that “the government’s vision includes involving the private sector in achieving sustainable development through the implementation of various projects, especially in the fields of health and housing.”
He stressed the existence of “a package of important changes that will occur to the Iraqi commercial and economic laws, as these packages were submitted by the Council of Ministers to audit bodies to be submitted later to the House of Representatives.”
He revealed that “the Iraq Fund for Development is in the process of launching a project (wage and ownership), which means owning the property to its residents, a project that is being put forward for the first time in Iraq.”
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Added 2024/04/24 – 5:52 PM
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