Arab, foreign countries seek partnerships with Iraq Development Fund
An aerial view of the Iraqi capital, Baghdad. Photo: Reuters
Baghdad (IraqiNews.com) – The CEO of the Iraq Development Fund, Muhammad Al-Najjar, confirmed on Monday that negotiations are taking place with several Arab and foreign countries expressing their desire to go into partnerships with the Iraq Development Fund.
Al-Najjar told the Iraqi News Agency (INA) that negotiations are ongoing with countries such as Saudi Arabia, Qatar, the UAE, and Italy to carry out projects in Iraq through the Iraq Development Fund.
The Iraqi official indicated that there are also negotiations related to investments with Japan.
Al-Najjar added that discussions are underway with six or seven sovereign development funds around the world to implement projects with the Iraq Development Fund in the six sectors where the fund is involved.
The Iraq Development Fund has six funds, which are the Environment Fund, the Digital Transformation Fund, the Housing Fund, the Industry Fund, the Agriculture Fund, and the Education Fund.
Al-Najjar explained earlier that the Iraq Development Fund will focus on activating the role of the private sector in strategic and development projects, which was not previously happening.