New Investment Plan Targets Infrastructure and Economic Growth iraq-businessnews

Iraq’s National Investment Commission (NIC) has announced a new strategic vision aimed at delivering major projects to support Iraq’s economy and sustainable development.

The plan was presented during a meeting attended by members of parliament from the Reconstruction and Development bloc, where officials outlined a roadmap to advance investment activity and accelerate project implementation.

Chairman Haider Mohammed Makkiya said the strategy provides a clear framework to improve the investment environment and drive economic growth.

Key projects highlighted in the strategy include:

  • Development Road digital project, including fibre optic networks and regional data centres
  • Semiconductor (silica) manufacturing project
  • Anti-desertification initiatives
  • Vertical farming projects
  • Waste-to-energy developments
  • Blue ammonia production project
  • Multi-service economic cities

The commission said these initiatives are intended to strengthen infrastructure, diversify the economy, and create employment opportunities, while encouraging investment across multiple sectors.

Source