بقيمة 500 مليار دولار.. العراق يطرح فرصاً استثمارية جديدة في البلاد لنتشيط الاقتصاد

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00:00 The fiscal plan for investment in Iraq has recently increased to $300 billion,

00:06 thanks to new legal amendments aimed at expanding the roles of production sectors

00:11 according to the National Development Plan, which extends from 2024 to 2028

00:18 to reduce dependence on oil resources in supporting the country's overall financial balance.

00:24 One of the problems we are still facing is the large dependence on oil in a large area,

00:30 which is why this is absent in other development sectors.

00:33 The direction of this plan is to start developing other oil-related sectors,

00:38 such as the industry, agriculture, tourism, transportation and other services,

00:44 in order to increase its contribution to the overall production of the product.

00:51 If we succeed in developing these sectors, the situation will certainly be different.

00:55 The Investment Law in Iraq offers some of the most prominent advantages of the owner-investor relationship

01:00 to government real estate, as well as the lease of the project's 50-year-old land,

01:04 with some tax exemptions, customs and the freedom of money transfer,

01:08 in addition to the possibility of trading in the Iraqi financial securities market.

01:12 We have recently noticed a rapid positive transformation in Iraq

01:17 in terms of investment and foreign companies.

01:21 We see that the stability in the Iraqi government

01:24 is very helpful in encouraging our presence in Iraq.

01:30 We also see that the Iraq development is very fast,

01:36 which is one of the most important things that the Iraqi government has taken into account.

01:40 The housing sector is the most important sector in terms of investment.

01:44 The country needs more than 4 million units of housing,

01:48 which has motivated real estate developers to invest nearly $100 billion.

01:53 Last year, the number increased by about 6% compared to 2022

01:57 with foreign contributions from regional and international companies.

02:01 The reality of Iraq is a new experience in investment,

02:04 and that is why we sometimes need to balance and amend the Investment Law

02:09 in line with the current international and global reality.

02:13 The Iraqi investment is very important,

02:16 and it is open to the Arab markets.

02:19 It is also open to the fact that the number of countries in the Gulf is changing.

02:25 Iraq is seeking to enter the private sector in new investment experiences

02:29 such as the electric power sector, which exceeds $80 billion,

02:33 and the health sector, with its investments of nearly $20 billion,

02:38 as well as new investment opportunities for cities around the capital.

02:43 It can attract hundreds of thousands of people directly or through innovative economic activities.

02:49 The increase in the investment activity by 3% annually

02:52 confirms the development of the investment environment in Iraq

02:55 after lifting some administrative and organizational restrictions.

02:58 However, the reality of investment requires more financial and legal facilities

03:02 to ensure that more contributions are paid,

03:04 which has a rapid impact on the economy of the country.

03:07 Alabia.

03:08 Baghdad.

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