Foreign investments in Iraq jump to $87 billion
During his speech at the Tehran Dialogue Forum, organized by the Iranian Ministry of Foreign Affairs, Hussein explained that the increase in foreign investment in Iraqi markets demonstrates growing international confidence in the Iraqi economy, the Iraqi News Agency (INA) reported.
Hussein explained that the Iraqi government plans to diversify its economic resources, pointing out that Iraq has begun pumping investments into the gas sector.
The utilization of associated gas in Iraq is expected to reach its full capacity by 2028, according to Hussein.
The Iraqi foreign minister stated that the Iraqi government is aiming to improve the petrochemical industry, promote tourism, particularly religious tourism, and strengthen the agriculture sector.
As part of its economic reform strategy, the Iraqi government decided to negotiate deals with two multinational companies to help raise the country's credit rating.
The negotiations will involve a business specialized in international law and worldwide economics, which will provide advisory services to the Trade Bank of Iraq (TBI), and another specializing in public relations.
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