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Iraq Investment Map2020-2021

Why Invest in Iraq?
Iraq is characterized by having many factors that would attract capitals and investments,
due to the availability of natural resources like oil, gas, lands, and human resources, as
well as the large size of the Iraqi market and the geographic position which creates
opportunities for production, import, and export. All this represents diversified attracting
factors that reflect the diversity of investing opportunities in different economic sectors.
In the light of the change that the economic philosophy of Iraq has witnessed, the
goals and the reasons included in the Investment Law (no. 13 for the year 2006,
amended) have contributed to attacking foreign investment, due to the privileges and
exemptions to these projects on the basis of the following:

1. Adding the developer concept who could be defined as each natural or corporal
person obtaining an investment license in cities construction and investment zones
or any other sector suggested by the National Investment commission after
obtaining the Ministers council approval, and adding the subordinated developer
concept who could be defined as each natural or corporal person to whom a part
of the investment project (of the suggested sectors) ownership is transferred to be
developed.
2. Inserting the phrase of the mixed sector to investment as law was limited to
promote private Iraqi and foreign sector only.
3. Establishing industrial investment projects and warehouses for agricultural sector
on agricultural lands in and outside the fundamental designs.
4. Encouraging Iraqi and foreign investors through facilitating easy conditioned
loans provided that the investor implements 25% of the project, the loans also
granted to the housing projects implementers and to the final beneficiary while
this privilege was previously restricted to Iraqi investors only.
5. The new amendment allowed owning the state lands allocated for housing
projects by Iraqi and foreign investors against estimated fees if the land was
within the fundamental design and without fees if it was out of the fundamental
design of the cities.
6. Acquiring or leasing lands for Iraqi investors in order to establish land and
industrial investment projects with a lease term up to 50 years that can be renewed
(depending on the project's size and type) in addition to allowing partnership with
foreign investor.
7. Investing in the halted strategic and federal projects in all sectors for the purpose
of completion and rehabilitation.
8. The new amendment obliged the Ministries, independent entities and provincial
municipalities to provide the estates / lands suitable for establishing investment
projects and in case of not committing to this provision, the Ministers council
shall have the right to transfer the estate/land ownership to the National
investment Commission without any fees and the Commission in its turn shall
have to allocate the estates/ lands for investment projects.

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