Prime Minister Mohammed Shia Al-Sudani on Saturday inaugurated the Iraq Investment Forum (IIF) in Baghdad, unveiling investment opportunities worth $450 billion [IQD 587 trillion] across more than 160 projects in various sectors.In his speech, Al-Sudani welcomed participants, praising the National Investment Commission (NIC), the Iraqi Economic Council (IEC), and supporting bodies. He emphasised the government's direction towards amending company laws to support small and medium enterprises, advancing digitalisation to reduce bureaucracy, completing banking reforms, and raising Iraq's credit rating to lower borrowing costs and insurance premiums.Key points highlighted by the Prime Minister included:Balanced foreign policy and improved security creating a stable investment environment.Plans to expand private sector service provision, as demonstrated by the Idoba school construction project.Banking reforms to align with international standards and expansion of electronic payment systems.Establishment of the Iraq Development Fund to attract local, regional, and international investors.Preparation for a dedicated conference on the "Development Road" project, described as the largest in the region.Successful partnerships with international firms in fertilisers, sulphur, phosphates, steel, construction, food, and pharmaceuticals.Ongoing housing initiatives, including more than one million units across 60 new cities nationwide.The launch of the "Riyada" initiative, engaging over 500,000 young people, training 92,000, generating 12,000 new projects and 20,000 jobs.54 Iraqi factories now exporting to regional and global markets.Al-Sudani also announced plans to establish a permanent council of Arab and foreign investors, linked to the Prime Minister's Office, to provide advice and data supporting investment growth in Iraq. (ICE AMMAN)

Fonte notizia: Stampa Locale