Threefold: The Investment Authority announces an increase in the volume of investments to $69 billion

Baghdad-INA  
The Chairman of the National Investment Commission, Haider Makkiyah, announced today, Friday, an increase in the volume of investments achieved during a year and a half, while indicating that the amount reached $69 billion, and explained the details of the largest eco friendly city in Baghdad.
 
Makkiyah told the Iraqi News Agency (INA): that "The volume of investments achieved by the Authority since the beginning of 2023 until mid-2024 amounted to $69 billion," noting that "this number is the largest achieved by the Authority since its establishment until the beginning of 2023, which did not exceed $25 billion, achieving an increase that represented three times this amount."
He added that "the authority is working continuously and seriously to consolidate the idea of (productive investment), which represents a purposeful message to be achieved in various economic sectors, instead of merely setting a specific vision and seeking to provide the necessary implementation tools for it, which gives the authority greater flexibility in controlling the type of investments, the extent of their need and their feasibility," noting that "there are a number of successful investment models that the authority is currently working on, including the (Sustainable Baghdad Forests) project, which is being implemented on an area estimated at 700 dunums, and qualifies it to be one of the largest eco friendly cities and the largest residential cities in Baghdad, with an investment volume of up to one and a half billion dollars."