Economic Update – Baghdad
On Tuesday, the Iraq Fund for Development outlined its investment priorities, identifying six critical sectors that represent significant challenges for the nation.
The identified sectors include digital transformation, smart agriculture, advanced industry, housing, education, and environmental management. Each sector is underscored by pressing issues facing Iraq, necessitating targeted investments.
According to Al-Najjar, there exists a pronounced housing shortage, alongside deficits in educational facilities and environmental solutions. He emphasized the need to formulate a comprehensive strategy focused on climate change adaptation. “We are actively fostering partnerships with the private sector across various fields, as we aim to establish companies that facilitate private sector engagement,” he remarked, highlighting the collaborative governance between their administration and private investors.
Currently, there are between 10 to 15 investment projects in the pipeline within these six sectors, with preparations underway for their initiation. The progress on housing projects is particularly encouraging, with a commitment to provide homeownership options to the families of martyrs.
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