The expected Qatari investments in the Iraq Development Fund exceed 3.5 billion dollars

2024/04/18 AM10:37

The CEO of the Iraq Development Fund, Mohammed Najjar, stated that the expected Qatari investments in the Fund exceed 3.5 billion dollars.

Najjar noted in his statements that there have been discussions with Aramco for investment in the oil and gas sector and others for 3 years, but so far, no agreement has been reached despite the desire of both parties.

The CEO of the Iraq Development Fund pointed out that Iraq now has approximately 3,000 megawatts of renewable energy with some companies, including those from Saudi Arabia, noting that there are projects with Saudi Arabia in the electricity sector worth up to 3 billion dollars.