Iraq plans a $65 billion project to build the Al-Tayeb Economic City near the border in Maysan. Officials say the project will reshape regional investment. Moreover, leaders expect strong private sector participation.
The National Investment Commission confirmed the plan and outlined key details. Chairman Dr. Haider Mohammed Makkiya said the city will cover more than 120,000 dunams. He explained that total projected investments will exceed $65 billion. Therefore, Al-Tayeb Economic City stands among Iraq’s largest planned developments.
Out of the $65 billion total, authorities will allocate about $5 billion for infrastructure. This funding will support roads, electricity networks, and sewerage systems. In addition, planners will build other core utilities to serve investors.
Makkiya highlighted the area’s natural advantages. He said the site offers abundant water resources and fuel supplies. Furthermore, the land contains sand and gravel that support construction. The terrain also allows large-scale expansion. As a result, planners believe the location suits a specialized economic hub.
However, officials still need to complete a water-harvesting component. This step remains essential before full implementation. Once authorities finalize that part, they will present Al-Tayeb Economic City as an official investment opportunity. They expect to announce the offer within the coming months.
Leaders also identified six potential investment cities across Iraq. They selected these areas based on natural resource availability. Additionally, planners may develop multi-service economic cities along the Development Road corridor. This corridor aims to connect Iraq with regional trade routes.
The Al-Tayeb Economic City will focus on multi-service functions. Investors may establish industrial, commercial, and logistics facilities. Consequently, the project could generate thousands of jobs. It may also attract regional and international capital.
Officials believe the $65 billion scale reflects strong long-term ambition. They argue that infrastructure investment will create a foundation for sustainable growth. Therefore, the initial $5 billion allocation plays a critical role.
Moreover, the border location strengthens trade opportunities. Businesses can access nearby markets more easily. In turn, Iraq can diversify revenue beyond oil exports.
Economic observers say the Al-Tayeb Economic City could reshape investment patterns in southern Iraq. If authorities maintain transparency and coordination, investors may respond positively. For now, attention centers on final preparations and formal launch steps.
The Al-Tayeb Economic City signals Iraq’s broader strategy to expand infrastructure and boost non-oil sectors. With $65 billion in projected funding and 120,000 dunams of land, the project sets a new benchmark for large-scale development.