|Economic Growth Driven by Oil & Gas and Non-oil Industries Attract Investment Bloom in Iraq|
|Untapped Potential; Iraq from war to reconstruction & economic recovery|
The government of Iraq is committed to implement a stable macroeconomic framework driven by significant growth potential in the oil and gas sector as well as non-oil industries. A potential leader in emerging markets, Iraq offers unlimited investment opportunities and requires over US $30 billion of foreign direct investment (FDI) per annum.
After three years under combat operations, the end of Iraq’s war against the Islamic State (ISIS) encourages the country’s reconstruction and economic reformation. As a result of healthy foreign international reserves, limited restrictions on cross-border fund transfers as well as an attractive legal framework that provides greater protection and incentives for foreign investors, investments in the country generate among the highest rate of returns. In 2018, governments from over 76 countries, global funds, organizations and investors pledged US $30 billion in loans and investment to rebuild Iraq.