Baghdad (IraqiNews.com) – Iraq is preparing to offer many projects to draw in $250 billion in investments over the next two years, which is a first for this country.
The Chairman of the National Investment Commission (NIC), Haider Makiya, told Asharq News that the investment opportunities that will be offered include projects in the sectors of renewable energy, industry, agriculture, construction, education, communications, tourism, and entertainment.
According to Makiya, the NIC has fulfilled the prerequisites for 103 projects that are anticipated to generate $250 billion in funds for the nation over the course of the next two years.
Makiya said in early August that the NIC and the Iraqi Economic Council completed all preparations to hold a large investment forum in which about 100 investment opportunities will be presented.
The head of the NIC chaired a meeting with senior government representatives and NIC stakeholders last August to discuss the logistics of the first investment forum, which is set to take place in November.
Makiya underlined that active participation in the forum requires collaboration between the private sector and different governmental bodies.
The meeting addressed strategies to effectively attract serious investors and company executives.
The agenda, organizational framework, and facilities provided by the Iraqi government to participants were all considered by the attendees.
Amid encouraging improvements in Iraq’s security and economic stability, participants emphasized the forum’s importance in stepping up efforts to attract foreign direct investments and stimulate economic growth.
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