The national funding fee (NIC) has introduced plans to draw up to $250 billion in investments over the following years, as part of efforts to diversify the economic system and decrease reliance on oil revenues.
NIC spokesperson Hanan Jassim told the state-run Iraqi information agency (INA) that recent government reforms and legislative adjustments had already drawn extra than $a hundred billion in Arab and overseas investments across multiple sectors during the last two years.
She defined that funding has supported six key sectors — enterprise, infrastructure, housing, energy, schooling, and healthcare — contributing to activity introduction, better GDP, and sustainable development.
The NIC has also activated a one-stop-keep mechanism, joined international agreements on investment safety, and developed a comprehensive investment map with extra than one hundred strategic possibilities.
according to Jassim, investor self belief has grown appreciably, positioning Iraq as an attractive regional vacation spot. She brought that the NIC is aligning its regulations with prime Minister Mohammed Shia al-Sudani’s directives to ease barriers for the personal quarter, simplify procedures, and increase public-private partnerships.
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