The Iraqi Ministry of Planning is actively monitoring national investment projects through the Project Information Management System (PIMS). The ministry aims to allocate 35% of total investments to the private sector during the first phase of Iraq’s five-year development plan (2024–2028).
Iraqi Ministry spokesperson Abdul Zahra Al-Hindawi said the ministry has taken “important steps to monitor private sector projects and create flexible mechanisms that support infrastructure implementation in line with development gaps.”
One key step includes forming the Private Sector Development Council, which will oversee and support the national development plan. “The council will monitor the execution of the 2024–2028 Development Plan,” Al-Hindawi said. “The plan allocates 35% for private sector projects and 65% for government initiatives in the initial phase.”
He added that the private sector’s share will increase over time, moving Iraq toward a full public-private partnership (PPP). This approach aims to create an attractive investment environment for local and foreign investors.
The ministry is using the PIMS digital platform to track project progress and ensure transparency and efficiency. The system contains a detailed database of all projects implemented by ministries, independent agencies, and provincial governments.
“PIMS allows us to monitor progress, execution rates, and financial disbursements,” Al-Hindawi noted. “We can identify challenges early and take corrective actions to complete projects efficiently.”
The development plan emphasizes expanding private investment, improving project oversight, and fostering an investment-friendly environment. Officials believe these measures will support sustainable economic growth and modernize Iraq’s infrastructure.
By integrating technology and stronger public-private collaboration, Iraq aims to accelerate development and attract more investors to national projects. The ministry expects that continuous monitoring through PIMS will ensure projects meet deadlines, stay within budget, and deliver long-term benefits for the country.