Iraq plans to focus on the oil and gas, downstream, and minerals value chains, and tourism and financial services to move the GDP growth rate by 6% annually in the next eight years. (Image for illustration only)
Iraq offers unlimited investment opportunities oil and gas sector as well as non-oil industries and requires over $30 billion of foreign direct investment (FDI) per annum, said growth partnership firm Frost & Sullivan in a new report.
THE IOM APPROACH TO RECOVERY IN IRAQ The UN Migration Agency (IOM) transition programming aims to contribute towards the recovery of Iraqi communities by improving their resilience and promoting social cohesion, while addressing the Humanitarian, Development and Peace Nexus in a protracted crisis. The key principles underpinning this approach are:
After a tough year of recession, growth is set to return to Iraq’s economy. Backed by increased oil revenues thanks to the rise in global oil prices, and in spite of the stalling of talks with the Kurdish Regional Government in Erbil over restarting the oil export pipeline from Kirkuk to Turkey, Iraq’s economy has finally turned the corner in 2018.