Iraq’s Investment Surge
The tides of economic transformation are gaining momentum in Iraq.
From billion-dollar real estate ventures to sweeping infrastructure upgrades, the country is undergoing a redefinition of its investment landscape. In this edition, we spotlight a wave of major developments that signal a new phase of ambition.
Iraq’s overtures to Egypt’s Talaat Moustafa Group and the launch of Naguib Sawiris’s inaugural housing project underscore a rising appetite for large-scale urban renewal. With a combined investment of $17 billion, these projects could reshape the skyline of Baghdad and beyond.
Beyond real estate, the Ministry of Planning is overseeing thousands of health projects—a signal of a policy pivot from emergency aid to long-term development. Meanwhile, the return of Basra’s steel industry and the establishment of new industrial cities, bolstered by cross-border partnerships, reflect a reawakening of Iraq’s productive base.
The state’s preparations for summer energy demands and the formal integration of Iraqi developers into Google Play mark important strides in public services and digital engagement. Iraq is not merely rebuilding; it is reimagining.
This update offers a concise lens on the country’s economic pulse—one that is increasingly driven by local resolve and global engagement.
Quick look
Negotiations with Egypt’s Talaat Moustafa Group to Develop a $10 Billion Administrative City
Iraq is in talks with Talaat Moustafa Group Holding to develop a new administrative city in central Iraq, covering over 38 million square meters, with a final agreement expected by early 2026.
Naguib Sawiris Launches His First Real Estate Project in Iraq Worth $7 Billion
ORA Developers has commenced the first phase of “Ali Al-Wardi” city in Baghdad, part of a plan to build five new cities, encompassing 200,000 housing units over eight years.
Over 7,000 Health Projects Underway
The Ministry of Planning announces the execution of over 7,000 health projects, including 16 new hospitals, marking a significant shift from humanitarian aid to developmental support.
Resumption of Iron and Steel Factories in Basra
After a 15-year hiatus, the Ministry of Industry restarts operations at the iron and steel factories with an annual production capacity of 500,000 tons, starting this May.
Iraq’s Grand Faw Port to Be Completed by End of 2025
Iraq’s Grand Faw Port is on track for full completion by the end of 2025, with management partnership talks nearing finalization. Positioned on the “Development Road,” the port is emerging as a strategic logistics hub linking Iraq to Europe. Backed by clear government policies, it reflects Iraq’s growing appeal to international investors.
Establishment of 5 New Industrial Cities and Saudi Partnership in Anbar
Iraq’s industry sector launches plan for five new industrial cities in Babil, Nineveh, and Basra. Additionally, an agreement with a Saudi company aims to establish the largest silica-based industrial complex in Anbar.
New Electricity Projects in Diwaniyah in Preparation for Summer
Diwaniyah province initiates projects to upgrade its electrical infrastructure, including the supply of new transformers and networks, in collaboration with the Ministry of Electricity to enhance services during the summer.
Iraqi Developers Officially Launch on Google Play
The Communications and Media Commission announces that Iraqi developers can now officially create Google Play developer accounts and upload their applications using international payment cards, marking a significant step in the nation’s digital transformation.
