Iraq Development Fund
—— Engine for Promoting Economic Diversification and Sustainable Growth
The Iraq Development Fund was established in 2023 to reduce reliance on oil revenues and promote the development of non-oil economic sectors.
The main objectives of the fund include:
1. Attracting local and foreign investments to support strategic projects in education, agriculture, industry, and housing.
2. Creating job opportunities and improving human capital and skill levels.
3. Promoting digital transformation and green energy transition to enhance economic resilience.
The fund is initially financed by the government and aims to expand investment through collaboration with the private sector and international partners.
It is not only an important tool for economic reform but also a key step for Iraq towards a stable and prosperous future.