Thursday, June 12, 2025
Economic Council: The Iraq Investment Forum will launch 150 investment opportunities in 12 economic sectors.
Economic Council: The Iraq Investment Forum will launch 150 investment opportunities in 12 economic sectors.
The head of the Iraqi Economic Council, Ibrahim al-Baghdadi, affirmed that Iraq represents a fertile and promising ground for investment in various sectors, noting that the Iraq Investment Forum represents a pivotal event for showcasing ready-made investment opportunities that align with the country's developmental aspirations.
Al-Baghdadi told the Iraqi News Agency (INA): “Iraq enjoys a strategic geographical location that makes it a key link in the international transportation network, in addition to possessing natural and human resources that qualify it to be an attractive environment for long-term investments.” He pointed out that “the forum’s agenda includes dialogue sessions and various topics that highlight the most prominent government measures supporting investors, in addition to presenting strategic projects such as the development road, which enhances economic integration in the region and constitutes an important axis for sustainable development.”
He pointed out that "more than 150 investment opportunities will be presented during the forum, distributed across 12 economic sectors, including the energy and renewable energy sector, which includes 27 investment opportunities in 13 governorates, including projects for thermal power plants, solar power, wind energy, and electricity generation from waste." He pointed out that "the oil and gas sector will include two investment opportunities to establish a refinery and a factory in Basra and Wasit, while the heavy and medium industries sector will include 21 opportunities, including chemical, manufacturing, and food industries in 10 governorates."
He added that "the industrial and free zones will include nine opportunities, including the establishment of industrial and pharmaceutical cities and free zones in Karbala, Maysan, Diwaniyah, Anbar, Basra and Nineveh," noting that "the investment opportunities also include projects in the agricultural and livestock production sectors, which include 20 opportunities in five governorates on vast agricultural areas."
He continued, "The opportunities also include the health sector, with 10 opportunities to establish hospitals and specialized centers in seven governorates," stressing that the projects also include housing and real estate development, with 25 opportunities including residential complexes and new cities providing more than 150,000 housing units in 11 governorates."
He pointed out that "tourism and entertainment include nine opportunities in Dhi Qar, Najaf, Nineveh, Babylon, and Karbala, including tourism projects and entertainment cities, in addition to investment opportunities in the transportation and ports sector to establish cable cars and a civilian airport."
Al-Baghdadi stated that "the forum will also address a number of issues, including sports and youth, where 10 opportunities will be presented, including sports cities and facilities in nine governorates, in addition to opportunities related to trade and warehouses, including eight investment opportunities, including warehouse complexes and commercial facilities in Kirkuk, Nineveh and Maysan, in addition to opportunities in the communications sector, through providing two opportunities to establish data centers and install submarine cables for international communications in Al-Faw."
Al-Baghdadi emphasized that "the forum is an effective platform for direct communication between local and foreign investors, on the one hand, and Iraqi ministries and agencies, on the other. He pointed out that Iraq aspires to become a regional hub for investment and development in the region, with government support and encouragement from the private sector." link
AJ : 🔥US pressure on Iraq to resolve the issue of salary funds for Kurdistan
AJ
US pressure on Iraq to resolve the issue of salary funds for Kurdistan.
Rebaz Hamlan, former Iraqi Deputy Finance Minister and assistant to the KRG Prime Minister, said both the KRG and federal government await the Federal Supreme Court’s upcoming session to issue a provisional order on Baghdad’s suspension of salary funds for Kurdistan Region civil servants.
He expressed hope the ruling will pave the way for releasing the funds, noting US pressure on Iraq to resolve the issue
Parliament awaits the arrival of the budget schedules.
Parliament awaits the arrival of the budget schedules.
After a period of waiting, the general budget schedules for the year (2025) return to the forefront of the government and the House of Representatives’ concerns, amid anticipation of its final path, with the announcement of the representatives’ readiness to hold an extraordinary session in order to end this file urgently.
Member of the Finance Committee, MP Jamal Koujar, expects the tables of the 2025 General Budget Law to reach the House of Representatives soon, noting that their arrival is linked to the government completing the process of officially preparing them. In a statement to Al-Sabah, Koujar confirmed the House's readiness to hold an extraordinary session immediately after the tables are officially received, with the aim of discussing and approving them quickly.
T he MP explained that the Finance Committee does not expect the session to witness a lengthy or in-depth discussion regarding the new budget schedules, given that they will not witness any fundamental changes compared to last year's budget, which was approved over three years without any significant amendments. He pointed out that this reflects a clear trend in Parliament towards facilitating the procedures for approving the schedules with the aim of ensuring the rapid activation of financial spending and the continued implementation of projects and services during the remaining period of the year.
Koger also pointed out that even if there are some minor amendments to the draft budget, the prevailing trend is to pass the law as it was received by the government, in order to preserve the stability of the financial and economic process, and avoid any delay that might negatively affect government performance and needs. Citizens. link
TIDBIT FROM FNU LNU
Fnu Lnu
A lot of people are wondering about this digital Dinar issue...I have friends in Singapore who are arbitrage professionals, and affiliated with K2, who is consulting with Iraq.
Here is the explanation they gave me.
The Digital Dinar is going to be used exclusively for...nation to nation transactions...and imports in general. Peer to peer payments will be using both "Stable Coins" and folding currency.
The paper Dinar is not being excluded in any way and will be for consumer needs...There is no way the paper currency can be eliminated. 80% of Iraqi citizens are unbanked according to the most recent CBI report and must use hard currency. Stablecoins will allow them to buy and sell without the bank.
Wednesday, June 11, 2025
Subscribe to:
Comments (Atom)