en.Wedoany.com Reported - Iraq's Ministry of Planning stated that the private sector plans to invest nearly $65 billion within the framework of the 2024-2028 development plan, focusing on infrastructure projects.

Ministry spokesperson Abdul Zahra al-Hindawi said the ministry is actively promoting project implementation to improve public services, diversify the economy, and alleviate poverty and unemployment, with the aforementioned investments to be carried out with private sector support.

In an interview with the Iraqi News Agency (INA), al-Hindawi noted that the projects focus on multiple sectors including water, sewage, roads, electricity, energy, natural gas, housing and reconstruction, municipal services, health, education, food security, agriculture, transportation, and communications, while also supporting economic diversification to reduce dependence on oil.

He added that the plan also includes completing major strategic projects with developmental and service impacts, such as the Development Road project and the Grand Faw Port project. The private sector investment in the five-year plan amounts to approximately $65 billion, accounting for 35% of the total planned investment.

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