PM4:57 24/05/2024

The Iraq Development Fund has announced three achievements since its establishment less than a year ago. It has signed 17 memoranda of understanding with Saudi, British, and American companies, with investments totaling $1.5 billion in the fields of industry, agriculture, and industrial gas production. Additionally, the fund launched the Schools Investment Project to provide 2000 schools through investment. The CEO of the fund, Mohammed Al-Najjar, emphasized that these efforts represent a qualitative change in attracting the private sector to state-related investment projects, noting that the fund operates on the principle of attracting ten dinars for every dinar of allocated capital.