Remember, foreign investment is a part of the formula for a successful IQD value.
Iraqi Foreign Minister Fuad Hussein announced that Iraq is currently experiencing a significant wave of domestic foreign investment, totaling around $87 billion. Speaking at the Tehran Dialogue Forum, hosted by Iran's Ministry of Foreign Affairs, Hussein also emphasized Iraq’s role as a regional mediator, working to bridge the gap between rival nations.
Addressing developments in neighboring Syria, Hussein reiterated Iraq’s position of non-interference, stating, “What’s happening in Syria is an internal matter for the Syrian people.” He stressed Iraq’s respect for Syria’s sovereignty and expressed hope that the country would soon break free from its cycle of violence and sanctions. He also noted the deep security ties between Iraq and Syria, adding that long-term regional stability hinges on a comprehensive political solution that includes all segments of Syrian society.
Hussein underscored Iraq’s commitment to dialogue and diplomacy in resolving regional conflicts. “Iraqi foreign policy is built on communication,” he said, highlighting Baghdad’s efforts to mediate between opposing states and serve as a regional unifying force.
Reflecting on the recent Arab Summit held in Baghdad, Hussein said Iraq is addressing Arab world challenges with realism, especially as many countries face internal unrest and war. As the current president of the Arab League, Iraq has committed to proposing practical mechanisms for crisis resolution. He revealed that Baghdad is preparing to launch new peace initiatives in Yemen, Sudan, Libya, and other conflict-ridden nations, stressing that “security is the cornerstone of development.”
He noted that the successful hosting of the Arab Summit sent a strong message about Iraq’s growing stability and the progress of its national development strategy.
Turning to the economy, Hussein outlined Iraq’s push to diversify beyond oil. The government aims to achieve full domestic gas production by 2028 and is actively developing the petrochemical industry. Other priorities include boosting tourism, especially religious tourism, and supporting agriculture. He added that the $87 billion investment influx reflects rising global confidence in Iraq’s economic future.
As of May 2025, Iraq is advancing two major initiatives: the Development Road Project and the expansion of religious tourism.
Development Road Project
Iraq has completed the first 62 kilometers of the Development Road, connecting the Grand Al-Faw Port to the Safwan road. This segment includes two significant bridges and features a solar-powered lighting system implemented by Samsung. The project aims to establish a 1,200-kilometer corridor linking the Persian Gulf to Turkey and Europe, enhancing Iraq's role as a regional trade hub.(Zawya, شفق نيوز, Wikipedia)
Religious Tourism Expansion
Baghdad has been designated the Arab Capital of Tourism for 2025, highlighting Iraq's efforts to boost tourism. The country plans to attract one million tourists by developing major projects and promoting its rich religious heritage. Key sites include the Imam Ali Shrine in Najaf and the Imam Husayn Shrine in Karbala, which draw millions of pilgrims annually .(شفق نيوز, IntelliNews, Wikipedia)
These initiatives reflect Iraq's commitment to economic diversification and regional integration.