Prime Minister Mohammed Shia al-Sudani confirmed on Thursday that the government has made significant strides in creating an attractive environment for investors and international companies, noting that the volume of investments in Iraq has reached $88 billion.

The Prime Minister’s Media Office stated in a statement received by the Iraqi News Agency (INA), that “Prime Minister Mohammed Shia al-Sudani received representatives of international companies participating in the International Conference on Carbon Economics, which was held over the past two days in the capital, Baghdad, in the presence of the Minister of Environment.”

The statement added that “Al-Sudani congratulated the convening of the Carbon Economics Conference, the first of its kind in Iraq, and the resulting results and ideas that support the government’s efforts to invest in this field, in light of the climate challenges facing Iraq.” He stressed that “the government has made significant strides in the field of economic and financial reform and in creating an attractive environment for investors and international companies, with the volume of investments reaching approximately $88 billion.” He emphasized that “Iraq is rapidly moving toward a transition to clean and renewable energy, embodied by the government’s establishment of the Carbon Economics Company, which has been granted the authority to contract with international companies to advance this new reality.” He directed “the Ministry of Environment and the Carbon Economics Company to streamline procedures and move toward signing partnership contracts with companies and moving toward concrete action.” For their part, company representatives expressed their “interest in participating in this conference, stating that they were present based on the developments Iraq has witnessed over the past two years. They will sign contracts and memoranda of understanding with the Carbon Economics Company,” expressing their “willingness to contribute to building a green economy, access to clean fuels, and cooperate in transferring expertise to specialized personnel in Iraq.”

SMGV INC – Baghdad