Maysan begins distributing 950 residential land plots to the people of Al-Majar.

Eric Kamus, the economic advisor at the U.S. Embassy, confirmed that Iraq has made significant progress in the reconstruction sector, especially in the capital. He pointed to large investment opportunities available to Iraq to attract foreign investments and diversify the economy during the Iraq Investment Forum held in Baghdad under the patronage of the Prime Minister.

Kamus stated at the conference that the U.S. government sees promising investment in Iraq and that private partnerships encourage American investment. He highlighted economic reforms including the launch of a one-stop window for company registration, banking reforms initiated by the Iraqi government, and expansion of the electronic payment system. Kamus emphasized that the digital system reduces reliance on cash, ensuring transparency and representing a major reform and transformation. He also noted that Iraq’s security environment is more stable than it was a decade and a half ago.

The international forum showcased more than 150 investment opportunities across various sectors, according to Ibrahim Al-Baghdadi, head of the Iraqi Economic Council, who described Iraq as fertile ground for investment due to its strategic location and wealth of project opportunities. The forum provided a broad platform for companies and businessmen to meet with banks, global and regional funding bodies, and hold direct bilateral meetings with ministries and investment authorities in Iraq, alongside regional and international economic and investment meetings.

Mohammed Al-Najjar, advisor to the Prime Minister for investment affairs, said Iraq is experiencing its best state in 40 years. He described the forum as a gateway to attracting international interest in expanding partnerships that fuel the economy, noting Iraq’s economic, political, and security stability not seen in four decades.

Recently, Iraq signed several memorandums of understanding with Arab and international countries, including Saudi Arabia, Egypt, UAE, Jordan, the United States, the United Kingdom, China, Russia, Japan, and the Czech Republic, covering sectors such as air transport, oil, industry, security, and chambers of commerce, under the patronage of Prime Minister Mohammed Shia’ Al-Sudani.

Mazhar Mohammed Saleh, financial advisor to the Prime Minister, confirmed that these memorandums are a key diplomatic tool reflecting the government’s desire to enhance cooperation with countries worldwide in many essential fields, not limited to economic relations but also including security, technical, scientific coordination, and cooperation in infrastructure development, energy, health, and education. He pointed out Iraq’s direction towards strengthening international cooperation and developing the national economy.

The Maysan governorate began distributing the first batch of residential land plots to the people of Al-Majar district, following directives from Governor Habib Al-Fartousi. The governor’s office stated that the Higher Committee for Allocating Residential Land in the governorate ordered the distribution of the first batch of lands to beneficiaries including families of martyrs, wounded, Popular Mobilization Forces, those who died during service, and retirees. The first batch includes 950 land plots, with the second batch scheduled for early October after completing approval procedures.

Defense Minister Thabet Al-Abbasi laid the foundation stone for a residential neighborhood for army personnel in the governorate. The minister’s office explained that the foundation stone was laid for the Heroes Residential City, formerly the Al-Faylaq area, to serve officers, personnel, and ministry employees in Maysan.