São Paulo – The Iraqi government has promised to present 150 investment opportunities across 12 sectors in the country during the Iraq Investment Forum, which will take place on June 14 and 15 in capital city Baghdad. The information was provided to Iraqi state news agency INA, in an interview with the head of the Iraqi Economic Council (IEC), Ibrahim al-Baghdadi.
He said Iraq is a fertile and promising ground for investments across various sectors, and that the forum is crucial for showcasing opportunities that are ready for investment and aligned with the country’s development aspirations. According to Al-Baghdadi, Iraq has a strategic geographic location, serving as a link in international transport, with natural and human resources that are attractive for investments.
According to the official, among the sectors in which opportunities will be presented is the energy sector, including renewables, with 27 investment opportunities in 13 provinces. These include projects for thermal power plants, solar energy, wind energy, and energy generation from waste. In the oil and gas sector, two opportunities will be presented: the establishment of a refinery and a factory in Basra and Wasit.
Al-Baghdadi added that opportunities will be highlighted in the heavy and medium industries, with a total of 21 projects in the chemical, manufacturing, and food sectors. Investment opportunities in free zones are also on the agenda, as well as opportunities in the agriculture and livestock sectors. Additionally, opportunities for investors in health, housing, tourism, transportation, ports, and airports will be presented. The goal is to build cable cars and an airport.
According to the INA report, this will be Iraq’s first investment forum, and it is being organized by the National Investment Commission (NIC). The main goal is to accelerate the country’s economic development. Iraq is seeking to attract foreign companies to the event. Around 300 international entities, including representatives from countries and companies, are expected to attend.
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Translated by Guilherme Miranda
