With a multi-billion dollar investment, Iraq opens the banks of the Tigris River to hotels and restaurants.
With a multi-billion dollar investment, Iraq opens the banks of the Tigris River to hotels and restaurants.
2025-08-31 05:22
Shafaq News – Baghdad
The head of the National Investment Commission, Haider Makiya, confirmed on Sunday that the volume of investments in Iraq has reached more than $100 billion, while revealing the nature of the developments that will take place along the banks of the Tigris River.
” The volume of investments in Iraq has reached more than $100 billion, with local investment reaching $38.6 billion and foreign investment reaching $64 billion,” Makiya told Shafaq News Agency .
He added, ” The government has a vision to develop the banks of the Tigris River, after the extensive neglect that occurred previously, and we are trying to add some investment projects to this project.”
He continued, ” Developing investment on the banks of the Tigris River will see the construction and development of hotels and restaurants, and the addition of river taxis. This will be a major investment opportunity for both foreign and local investors.”
Iraqi Prime Minister Mohammed Shia al-Sudani confirmed last January that Arab and foreign investments in Iraq had reached $63 billion over the past two years.
shafaq.com
