Economic Expert: Administrative Complexities and Corruption Hinder Investment Flow into Iraq Despite Promising Wealth

Economic experts have confirmed that Iraq possesses a promising investment environment due to its natural resources and geographic location, making it an attractive hub for sectors such as energy, construction, agriculture, and industry. Despite these advantages, significant obstacles continue to hinder the influx of local and foreign investors, most notably the outdated banking infrastructure and corruption. Experts pointed out that enhancing trust requires enacting laws that protect investors and limit complexities and illicit pressures. Despite these challenges, specialists believe that correcting the investment course could transform Iraq into one of the top investment destinations in the Middle East, which would help create extensive job opportunities and achieve economic recovery, reducing direct reliance on oil revenues.