Baghdad (IraqiNews.com) – Iraq’s National Investment Commission (NIC) announced today, Wednesday (August 20, 2025), that investments totaling over $100 billion have been attracted to the country over the past two years, serving six vital sectors and helping to reduce Iraq’s reliance on oil. The commission also revealed an ambitious new plan to attract up to $250 billion in investments over the next two years.
Hanan Jasim, the spokesperson for the NIC, told the Iraqi News Agency (INA) that supportive government policies and legislative reforms have been instrumental in attracting these Arab and foreign investments. She noted that these investments were directed toward critical sectors including industry, infrastructure, housing, energy, education, and health. The result has been the creation of new job opportunities and a boost in national GDP, marking a significant step toward diversifying Iraq’s revenue sources away from oil.
According to Jasim, the commission has made notable progress thanks to key government programs, including the activation of a “one-stop-shop” service for investors and joining international agreements to protect and encourage investment. She explained that these steps have boosted investor confidence and positioned Iraq as a promising destination in the region.
Regarding the new target, Jasim highlighted the ambitious plan to attract up to $250 billion in investments over the next two years. The NIC is aligning investment legislation with the directives of Prime Minister Mohammed Shia Al-Sudani to ease obstacles for the private sector. These measures include simplifying procedures, reducing bureaucracy, expanding public-private partnerships, and providing flexible incentives and solid legal guarantees. The goal is to enhance the effectiveness of existing investments and make Iraq a more stable and secure investment environment, serving its comprehensive economic development objectives.
