On Sunday, the head of Iraq’s National Investment Commission, Haider Makiya, confirmed that total investments in Iraq have exceeded $100 billion and revealed plans for the future of the Tigris River’s banks.

Makiya stated:

“The volume of investments in Iraq has reached over $100 billion, with domestic investment totaling $38.6 billion and foreign investment reaching $64 billion.”

He added:

“The government has a vision to develop the banks of the Tigris River, which have long been neglected. We are working to introduce several investment projects as part of this initiative.”

He continued:

“The development of investment along the Tigris River will include the construction and enhancement of hotels and restaurants, as well as the introduction of a water taxi service. This will be a major investment opportunity for both foreign and local investors.”

Earlier in January, Iraqi Prime Minister Mohammed Shia' Al-Sudani confirmed that Arab and foreign investments in Iraq over the past two years had reached $63 billion.