Representative and member of the Parliamentary Services Committee, Baqir Al-Saadi, confirmed on Saturday that the rate of incoming investments into Iraq has increased by 60% over the past three years.
Al-Saadi told Al-Maalouma, “There are reasons that create successful investments, most notably security and political stability, and the provision of attractive opportunities for capital with flexibility in dealing with procedures,” pointing out that “Iraq represents an important opportunity for many Arab and foreign investors.”
He added, “The rate Incoming investments, Arab or foreign, have increased by 60% in the past three years, amounting to hundreds of millions of dollars, especially in the housing sector.
He stressed the government’s efforts to “create pioneering investment contracts with the start of laying the foundation stone for the construction of several new cities.”
He pointed out that “investments It leads to economic recovery and the provision of job opportunities, noting that “in the coming months, investments will be at higher levels with the start of implementation of the first phase of the strategic development path.”
Several governorates witnessed an influx of Arab and foreign investments in various sectors, most notably housing, medicine, and industry.
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