Iraq: A Promising Economic Destination for Arab and Foreign Investment

Iraq is currently witnessing a qualitative shift in its economic trajectory, making it an attractive environment for investors from around the world.
Participants in investment forums emphasized that Iraq has become a preferred destination for companies and businessmen, due to its significant economic and tourism potential, coupled with government efforts to create an investment climate.
This comes at a time when trade with neighboring countries has reached significant levels, amid a growing willingness by international companies to enter the Iraqi market and contribute to development projects.
In this context, President of the Turkish-Iraqi Business Council, Khalid Akar, stated, "The volume of trade between Iraq and Turkey has reached $16 billion, and we seek to increase it to $30 billion." He indicated that "Iraq's accession to the World Trade Organization will contribute to the development of trade both domestically and internationally and will enable Turkish companies to contribute to the growth and development of Iraqi trade."
He added, "Turkish businessmen are ready to contribute to supporting development in the construction, health, digitalization, and other sectors," noting that "40 Turkish businessmen participated in the Iraq Investment Forum." For his part, Faisal Al-Jarba, a member of the Iraqi-Saudi Business Council, said, "The investment forum held in Baghdad was important and successful. We witnessed clear satisfaction among Arab investors, as well as investors from East Asia and several other countries." He added, "A large number of influential businessmen in the Kingdom of Saudi Arabia participated in this forum, which means that Iraq has become an important destination and a clear choice for investors." He noted that "the Iraqi government is serious about its work to combat corruption and confront anyone who attempts to seize state property or exploit its authority, and this is a promising development." He expressed his "hope that the Iraqi economy and Iraqi businessmen will receive the status they deserve and play a fundamental and effective role in building their country, in cooperation with other countries and investors from around the world."