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Iraq NIC Announces New Investment Plan for Economic Growth

Iraq's National Investment Commission (NIC) has announced a new strategic vision aimed at delivering major projects to support Iraq's economy and sustainable development.

The plan was presented during a meeting attended by members of parliament from the Reconstruction and Development bloc, where officials outlined a roadmap to advance investment activity and accelerate project implementation.

Chairman Haider Mohammed Makkiya said the strategy provides a clear framework to improve the investment environment and drive economic growth.

Key projects highlighted in the strategy include:

·  Development Road digital project, including fibre optic networks and regional data centres
·  Semiconductor (silica) manufacturing project
·  Anti-desertification initiatives
·  Vertical farming projects
·  Waste-to-energy developments
·  Blue ammonia production project
·  Multi-service economic cities

The commission said these initiatives are intended to strengthen infrastructure, diversify the economy, and create employment opportunities, while encouraging investment across multiple sectors.

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