investment projects in Iraq has taken a major step to revive its economy. The government restarted 503 stalled investment projects across the country. This move is part of a national plan to accelerate growth and attract investors.
Dr. Haider Mohammed Makiyya, Chairman of the National Investment Commission (NIC), confirmed the news. He stated that these restarted projects are valued at over $12 billion. These investments aim to create jobs, boost infrastructure, and grow local industries.
Previously, Iraq had 855 projects that faced delays. Various challenges, including funding issues and bureaucratic obstacles, caused the slowdowns. However, the new economic roadmap now allows Iraq to resolve many of these problems.
The decision to restart the projects reflects strong political will. Government agencies coordinated to remove barriers and speed up implementation. As a result, investors regained confidence, and project work resumed quickly.
Furthermore, these investment projects will benefit many sectors. Construction, housing, manufacturing, and energy all stand to gain. The NIC prioritized projects that can deliver quick economic results and long-term benefits.
Importantly, local governments also supported this effort. They provided the needed support and permits to help restart construction and services. Their cooperation highlights growing unity between central and regional authorities.
Dr. Makiyya emphasized that transparency will guide all efforts. Officials will monitor progress closely and ensure each project follows clear timelines. The NIC also plans to publish regular updates for the public and investors.
Moreover, Iraq expects these restarted investment projects to create thousands of jobs. Both skilled and unskilled workers will find employment in different sectors. This rise in job opportunities will improve household incomes and reduce unemployment.
In addition, Iraq hopes to attract more international investors. The NIC launched new campaigns to promote these projects globally. With greater investor interest, Iraq could see even more deals in the coming months.
This development marks a turning point for Iraq’s economy. By restarting projects and building investor trust, Iraq moves closer to long-term economic stability.