With a multi-billion dollar investment, Iraq opens the banks of the Tigris River to hotels and restaurants.
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