23-04-2025
Government Advisor: Development Indicators Place Iraq on the Threshold of a New Economic Era
The Prime Minister's Advisor for Financial Affairs, Mudhar Mohammed Salih, confirmed on Wednesday that development indicators place Iraq on the threshold of a new economic era, noting that the gross domestic product (GDP) is pushing Iraq toward sustainable development faster than expected.
Salıh told the Iraqi News Agency (INA): "Iraq's position as the third-largest economic power in West Asia among Arab countries in terms of GDP, after Saudi Arabia and the UAE, is an indicator that extends in two directions. The first is the accelerated ability to achieve significant progress in development, confirming the unprecedented speed and development of our country in imposing the significant economic and political stability that Iraq has achieved."
He added, "The second relates to the GDP, and it also confirms, on the domestic level, that our country is an effective economic force in attracting investment opportunities in development fields. The great stability provided by the environment in recent years has helped support sustainable development at a faster pace than expected."
He continued: "The urban renaissance and the launch of infrastructure and service programs are among the most important activities in the government's policy and economic program. Their success has not stopped, as they have proven to be successful in accelerating progress, so that our country can assume its geo-economic position as a promising path, indicated by high rates of economic growth."
