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Research Article | Volume 3 Issue 2 (July-Dec, 2022)
Obstacles to Foreign Direct Investment in Iraq
Under a Creative Commons license
Open Access
Published
Nov. 30, 2022
Abstract
Direct investment is one of the most important elements of fixed capital formation. It is the engine and catalyst for other production elements and raising their productive and service efficiency. It affects economic development and the overall economic, social and service activities, especially if it is employed and managed scientifically, it will generate income, production capacities, new goods and services, as well. For the employment of the unemployed. In Iraq, public and private direct investments witnessed a significant decline due to a number of economic, social and political factors, as well as security reasons and the issue of administrative and financial corruption, which negatively affected all economic and social activities, as well as direct foreign investments that did not see the light until recently and are still within Very low levels and limited tourism and service areas. Iraq is looking forward to attracting foreign investments from all countries of the world and does not open up to one country over the other, and that the government's attempts to create an advanced and world-class legislative structure had the greatest role in encouraging global interest in investment in Iraq, and that this interest increases with the improvement of the security situation in the regions of the country all. There are many investment opportunities and projects that could be an alternative or help in increasing the financial resources of the Iraqi state, and at the same time there are some obstacles that impede the investment of these opportunities.
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