Investment Authority: Significant increase in foreign investment demand
Investment Authority: Significant increase in foreign investment demand
2026-02-18
The Investment Authority confirmed on Wednesday that Iraq has witnessed a remarkable increase in investment interest over the past two years. It indicated that expanding investment opportunities towards priority sectors enhances long-term growth. The Authority’s spokesperson, Hanan Jassim, stated in a statement to the official news agency that “Iraq has witnessed a remarkable development in the level of investment interest over the past two years, represented by the entry of a number of reputable international companies into the Iraqi market in multiple vital sectors. This reflects growing confidence in the investment environment and the improvement of the system of legislation and procedures, in addition to the relative stability that has positively impacted the decisions of international investors.”
She added that “the importance of these investments lies in their contribution to enhancing economic growth and diversifying the production base, through the introduction of modern technologies and raising the efficiency of performance in the targeted sectors, as well as their role in creating direct and indirect job opportunities, supporting local supply chains, and stimulating economic activity in the governorates.”
As Jassim explained, “Foreign investments constitute an important tributary to enhance non-oil revenues and increase the added value of the national economy, in addition to their far-reaching effects in improving the trade balance, stimulating market activity and enhancing financial sustainability, in line with the government’s directions in achieving balanced economic development.”
She also explained that “the Authority plays a pivotal role in attracting foreign investments by creating an attractive investment environment, simplifying procedures, facilitating the granting of investment licenses, and systematically promoting promising opportunities,” stressing that “the entry of reputable international companies has contributed to raising the level of competitiveness between local and foreign companies, and has provided real opportunities to develop partnerships with the national private sector, and enhance knowledge transfer and capacity building in a way that supports the localization of industry and services and achieves sustainable economic and social returns.”
In contrast, the head of Toyota Iraq, Sardar Bibani, stated in a statement to the Iraqi News Agency (INA): “The company’s cooperation with the Iraqi government is carried out through the implementation of laws and instructions, in addition to transferring Toyota’s experience to Iraqi youth through training courses held by the company.”
He also pointed out that “the company is working to increase safety standards and regulate the import process in a way that achieves consumer rights,” noting that “Toyota Iraq is launching today the new generation of (RAV4) in conjunction with its global announcement and in the Middle East region, which is evidence of the recovery of the Iraqi market.”
burathanews.com
