Iraq has attracted more than $64 billion in foreign investment in Iraq, showing strong global confidence in its economic future.
Haider Makiya, head of the National Investment Commission, shared this major update during an official briefing. He explained that the groundwork laid through investment plans in 2023 began to show results in the following years. These plans helped unlock large-scale projects and draw serious investor attention.
International companies have played a central role in this growth. Most of the investment comes from major firms already operating in Iraq. These businesses have increased their involvement, showing strong belief in the nation’s potential.
Prime Minister Mohammed Shia’ Al-Sudani also addressed this development recently in Parliament. He confirmed that foreign investments now total between $60 billion and $63 billion. Makiya’s figure of over $64 billion highlights continued progress and strong capital inflows.
This foreign investment in Iraq goes beyond short-term interest. According to Makiya, the trend points to longer-term commitments. Global investors are no longer just testing the waters. They are entering the market with serious intent to stay.
The NIC views this momentum as a turning point. With more stable planning and investor-friendly policies, Iraq is positioning itself as a rising destination for global capital. Stronger legal structures, infrastructure improvement, and economic diversification have helped this shift.
Additionally, these investments span various sectors. Energy, construction, telecommunications, and manufacturing all show signs of growth. Each area contributes to job creation, technology transfer, and broader development.
As more investors gain confidence, Iraq may see a continued rise in capital flow. The government expects more partnerships, especially in strategic sectors tied to national development goals.
Makiya emphasized that policy reforms and investor protections have helped build this trust. With clear goals and better planning, the country has reduced risk and opened the door to greater opportunity.
Now, the NIC plans to keep the pace going. Officials aim to deepen ties with current investors while also attracting new global partners. The ultimate goal remains simple: support long-term economic stability and growth for Iraq.
The growth of foreign investment in Iraq reflects a larger story. It marks a move from uncertainty to confidence. It also shows the impact of planning, partnership, and persistence in building a better economy.