These investments were spread across multiple sectors, encompassing housing, manufacturing, electric and oil energy, in addition to agriculture, services, and infrastructure, said Spokesperson for the Iraqi National Investment Commission (NIC), Hanan Jassim.
She added that these projects have started to achieve outright positive reflections by providing broader job opportunities, technology and know-how transfer, in addition to increasing non-oil returns and optimizing basic services in several governorates.
The governmental reforms, particularly in the area of removing impediments before the private sector, streamlining procedures, and adapting laws to align with economic development plans, have literally fostered investors’ confidence, converting Iraq into a promising and attractive environment on the regional stage, she highlighted.
Jassim further noted that NIC will continue to collaborate with partners from different countries and international firms to ensure projects are implemented in accordance with the highest standards, in a manner that contributes to building a diverse and powerful economy that serves all segments of the Iraqi community.
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