PM's Adviser: Iraq is a fertile environment for projects and there is an expansion of investor desires

Baghdad - INA

Advisor to the Prime Minister for Investment Affairs and Head of the Iraq Fund for Development, Muhammad Al-Najjar, confirmed today, Saturday, that Iraq is a fertile environment for projects and there is an expansion of investors’ desires to enter it. 

Al-Najjar told the Iraqi News Agency (INA): “The government has taken an approach that has intensified efforts to invite many countries and companies to invest in Iraq, and Prime Minister Muhammad Shiaa Al-Sudani is taking advantage of his foreign tours, the most recent of which is his participation in the World Economic Forum in Saudi Arabia, with great work and activity to support investment in Iraq by inviting companies to enter Iraq.”.

He added, "The economic forum in Riyadh, which was held recently, was attended by a large number of decision-makers from companies and countries that will have a clear role in entering Iraq," noting, "Iraq in the forum focused on 3 main topics, which are energy, agriculture, and information technology." .

He pointed out that "the Prime Minister's visit during his participation in the forum held in Riyadh included political meetings and many economic files were raised," indicating that "Iraq has begun to compete with many countries of the world by inviting investors to come to the country."
He pointed out that "Iraq It has large investment opportunities amounting to $450 billion allocated to projects that need marketing in order to attract capital.

He stated, “There is a strong desire from Saudi investors to enter and expand their work in Iraq,” explaining, “The large Iraqi market is full of opportunities, especially in the field of industry from Arab and international companies can establish factories in the country.”

He continued, "Iraq is a country fertile with investment opportunities and has begun to gradually rise on the economic map among countries in light of the current government's continuous work to improve the economic and investment situation."