For the development projects in Iraq, the allocated estimated budget is around $275 billion, as claimed by Ali al-Shukri, Planning Minister of Iraq. This statement of Planning Minister of the country has been dispatched through an Email.
Judging the requirements for foreign investments into the sectors, like education, agriculture, tourism, heavy and IT industries, Planning Minister Sukhri also requested foreign companies and investors to invest in Iraq.
According to the stats of BP Plc, the fifth biggest crude reservoir of the world is Iraqi crude reservoir. Hence, Iraq is competent for a high economic growth and observing that Iraqi government is seeking expertise and investment in its different budding sectors. This initiative will also help in the reconstruction of the business infrastructure of the country.