Iraq Allocates $275bn to New Projects

By Padraig O’Hannelly.

Iraq’s Planning Minister, Ali al-Shukri (pictured), has said the country has earmarked between $250 billion and $275 billion for infrastructural development projects over the next five years.

At the Iraq Finance 2012 conference in London the minister called for foreign companies to invest in all sectors of the Iraqi economy, including construction, agriculture and education.

He added that currently only about 30 percent of Iraq’s budget was available for capital projects, saying that this was too little.

Iraq spends $14-$15 billion annually to service its national debt.

2 Responses to Iraq Allocates $275bn to New Projects

  1. Sammy September 23, 2012 at 2:57 am #

    oh yes, belrouh, beldam nefdet ya shukri
    etha shukri malachak, iqbath shughul men dabash

  2. Dan September 27, 2012 at 4:03 am #

    hello
    it view a big step and important project to grew up , but should have an supervisors and details should be shown at each point they got .
    credibility and safety is most important in these projects.
    hope be successful , waiting to happened and see results ..