Economic Expert: Iraq Possesses a Promising Investment Environment Hindered by Bureaucracy and Corruption

Economic experts have emphasized that Iraq remains an attractive investment environment due to its natural resources and geographical location. However, the influx of investors and companies is hindered by obstacles such as an outdated banking infrastructure and widespread corruption. Specialists pointed out the need to pass new legislation to build trust and counter the extortion faced by some companies. Despite these challenges, the Iraqi market remains an investment destination capable of achieving economic recovery and providing extensive job opportunities if the investment trajectory is corrected and hundreds of stalled projects are addressed. Furthermore, emphasis was placed on the importance of diversifying income sources and moving away from a rentier economy heavily reliant on the fluctuations of global oil markets.