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Iraq ranked fourth in the foreign direct investment rankings, and the best emerging markets for investment in 2024.
A study conducted by the FDI Intelligence website, which specializes in foreign direct investment affairs, and translated by the (INA), stated that “Iraq ranked fourth among ten countries in the latest classification, and this classification was evaluated based on several criteria, including gross domestic product growth.” , the inflation rate, the growth in capital spending in foreign direct investment, and the growth rate in foreign direct investment projects.”
The study indicated that “the growth rate of Iraq’s gross domestic product reached 2.9%, while the inflation rate reached 3.6%, and the growth rate in capital spending in foreign direct investment witnessed an increase of 371%, and the growth rate in foreign direct investment projects reached 95%.” Noting that “these numbers reflect the noticeable improvement in the investment climate in Iraq and the efforts made to strengthen the economic sector and attract more foreign direct investments.”
She continued, “The classification published by FDI Intelligence in January 2023 indicates the top 10 emerging markets for foreign direct investment in 2024, as these markets were represented in Asia, Africa, the Middle East, and Europe. Cambodia is expected to achieve the strongest investment momentum this year.” The countries included in the classification vary to include countries from different continents.”
She stated, “This classification highlights the importance of Iraq as an important investment destination in the region, in addition to identifying other emerging markets that have promising investment potential for the year 2024.”