The Iraqi Prime Minister's advisor for investment and head of the Iraq Development Fund, Mohammed Al-Najjar, affirmed today, Monday, that more than 1,200 investment requests have been received for establishing schools in the country. He noted that Iraq is approaching the use of robots in agriculture, as well as the manufacturing of tablets, transport buses, and electric cars.
Al-Najjar stated to the Iraqi news agency (INA) that "the main goal of the fund is to attract investments to Iraq, where agreements have been signed with more than 20 companies, and now is the time to activate them." He explained that "the primary objective of these investments is to localize part of the industry and agriculture and the optimal use of water in Iraq."
He added that "diversifying income sources for the economy and introducing technology in all fields of work serves the interests of the fund," explaining that "among these approved industries is the construction of transport buses in Iraq, the production of electric cars, and the entry of a specialized company in vertical farming that uses robots in agriculture. These industries will create a lot of job opportunities in Iraq."
He indicated that "Iraq is about to manufacture electronic tablets, as most countries use them in the education sector worldwide." He clarified that "the fund has reached an agreement with a company to manufacture computers in Iraq, to start distributing them to schools and reduce the costs of printing books while improving students' practical skills."
Regarding facilitating investors, Al-Najjar explained that "the investment law in Iraq has granted many encouraging facilities to investors operating in the country."
He confirmed that "400 schools will be built across Iraq, particularly in areas that contain dilapidated, mud, or tent schools," noting that "the fund has received over 1,200 requests to establish schools in Iraq from investors."
He affirmed that "the Development Road has opened unprecedented horizons for investment in Iraq," adding that "the volume of investments that the Development Road could attract reaches 200 billion dollars, making it an attractive factor for investments in Iraq."
