Baqir Al-Saadi, a representative and member of the Parliamentary Services Committee, said on Saturday that inbound investment in Iraq has surged by 60% in the last three years.
According to Al-Saadi, “There are reasons that create successful investments, most notably security and political stability, and the provision of attractive opportunities for capital with flexibility in dealing with procedures,” as well as the fact that “Iraq represents an important opportunity for many Arab and foreign investors.”
He continued, “The rate of incoming investments, Arab or international, has surged by 60% in the last three years, totaling to hundreds of millions of dollars, particularly in the housing industry.
He emphasized the government’s efforts to “create pioneering investment contracts, with the start of laying the foundation stone for the construction of several new cities.”
He noted that “investments It promotes economic recovery and job creation, stating that “in the coming months, investments will be at higher levels with the start of implementation of the first phase of the strategic development path.”
Several governorates experienced an infusion of Arab and international investment in a variety of industries, most notably housing, medical, and industry.
