Sudanese Advisor: $450 Billion Value Of Future Investment Projects In Iraq, 25 APRIL

 Sudanese Advisor: $450 Billion Value Of Future Investment Projects In Iraq

Advisor To The Prime Minister For Investment Affairs, Executive Director Of The Iraq Fund For Development, Muhammad Al-Najjar

Reconstruction and building   Economy News – Baghdad   The Prime Minister's Advisor for Investment Affairs, Muhammad Al-Najjar, revealed on Wednesday the value of the investment projects that will be implemented in Iraq during the coming period.

Al-Najjar said in a televised statement, followed by “Al-Eqtisad News,” that “the economic growth that Iraq is currently witnessing is due to a number of reasons, the most important of which is the maintenance of stable oil prices, as this contributed to achieving financial abundance, in addition to the calm and political stability, which prompted the private sector.” To pump very large sums of money into strategic projects.”

He added, "The value of the investment projects that will be implemented in Iraq is estimated at 450 billion dollars, most of which are related to infrastructure and climate change," noting that "Qatar, Saudi Arabia, and the United States are the most prominent investing countries during the coming period, as Iraq has signed several agreements with those countries. "

Al-Najjar continued, "Iraq, according to these data, will record the highest levels of economic growth in the world," noting that "the government's vision includes involving the private sector in achieving sustainable development through the implementation of various projects, especially in the areas of health and housing."

He confirmed the existence of "a package of important changes that will occur in Iraqi commercial and economic laws, as these packages were presented by the Council of Ministers to auditing bodies to be later presented to the House of Representatives."

He revealed that "the Iraq Fund for Development is in the process of launching a project (rent and own), which means owning the property for its residents, and it is a project proposed for the first time in Iraq."

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