Investment Forum for Businessmen & Investors Held in Iraq's Babylon

Speaking at the "Investment Forum for Businessmen and Investors" in Babylon, the Head of Iraq's National Investment Commission (NIC) highlighted the importance of developing tailored investment maps for each province, ensuring projects meet local needs.

Dr. Haider Mohammed Makiyya noted that over US$69 billion in investment licenses have been granted in the past 18 months, with innovative projects exempt from competitive bidding to foster creativity and avoid what he described as "unfair competition."

He also emphasized Iraq's improved investment environment, driven by the country's accession to the New York Convention on the Recognition of Foreign Arbitral Awards and the Singapore Convention. These legal frameworks provide international guarantees for foreign investors, enhancing Iraq's appeal as an investment destination.

The forum showcased 55 investment opportunities in Babylon, spanning sectors such as commerce, housing, agriculture, industry, education, health, and tourism. Local officials, including Governor Adnan Faihan Al-Dulaimi, emphasized the province's strategic location and its fertile lands along the Euphrates River, pledging full support for projects that enhance infrastructure and economic growth.