Iraq has attracted billions of dollars in foreign direct investment over the past two years, in the context of the government's strenuous attempts to stimulate the economy to serve the path of reconstruction and development in a country that is still struggling to emerge from the cycle of crises.
Advisor to the Prime Minister for Investment Mohammed Al-Najjar confirmed that the government has succeeded in attracting investments worth up to $ 100 billion.
Al-Najjar, who is the director of the Iraq Fund, said: "We are at the beginning of the road and there are other projects with large sums and in various sectors."
In the latest move, the fund announced the signing of a memorandum of understanding with the Egyptian international company Elsewedy Electric, which includes investments worth $5 billion and the establishment of 3 industrial cities.
The agreement also aims to establish an Iraqi investment fund under the name of "Tawteen Fund" to attract investments domestically & internationally.
