Investments in Iraq surpass $100 billion, marking a historic economic milestone. According to the National Investment Commission (NIC), both local and foreign investments have contributed to this growth. Chairman Haider Makiya confirmed that local investment reached $38.6 billion, while foreign investment totaled $64 billion. This achievement reflects Iraq’s transformation into a regional economic hub.
Moreover, Prime Minister Mohammed Shia al-Sudani previously revealed that Arab and foreign investments reached $63 billion over two years. Building on this momentum, NIC spokesperson Hanan Jasim announced a plan to attract new investments worth $250 billion over the next two years. This ambitious goal demonstrates the government’s commitment to strengthening Iraq’s economic foundation.
In fact, investments in Iraq surpass $100 billion because of supportive policies, reforms, and clear strategies. The Iraqi government has enacted legislative and regulatory changes that encourage investors and create long-term stability. These measures have positioned Iraq among the region’s most attractive economies.
Furthermore, investment activity has targeted vital sectors including industry, infrastructure, housing, energy, education, and health. These projects have created thousands of job opportunities and increased GDP. As a result, Iraq is steadily reducing its dependence on oil revenues, paving the way toward a more sustainable economy.
Jasim highlighted that diversifying revenue streams through such investments strengthens long-term growth. By supporting industries beyond oil, Iraq is laying the groundwork for lasting prosperity. This focus ensures that citizens benefit from new services, better infrastructure, and improved standards of living.
Additionally, the government’s proactive measures have boosted investor confidence, drawing attention from both Arab and international markets. Iraq’s progress not only improves domestic stability but also enhances its regional economic influence.
Ultimately, investments in Iraq surpass $100 billion, proving the success of recent strategies. With new plans aiming at $250 billion more, Iraq is on a strong path toward economic diversification, stability, and prosperity.
