Baghdad (IraqiNews.com) – The chairman of Iraq’s National Investment Commission (NIC), Haider Makiya, revealed on Saturday that the total value of investments in the country has surpassed $114 billion.

In a statement to the state-run news agency (INA), Makiya stated that anticipated amendments will raise the volume of investments.

According to Makiya, foreign investments in Iraq reached $67 billion, while local investments reached $47 billion.

The Iraqi official indicated that the NIC developed a climate-focused investment plan in 2024 and was approved in 2025. The plan included studies on renewable energy, agriculture, industry, water, and innovation.

The plan addresses the impacts of climate change and water scarcity. It also offers opportunities for investment supported by international funding, encouraging both domestic and foreign companies to enter the Iraqi market.

The plan was also distributed to diplomatic missions to promote the envisioned investment projects and provide opportunities for international enterprises to identify and carry out initiatives.

The government agency mentioned earlier that it ended 2025 with significant success in enhancing the investment climate in the country.

The NIC said it processed over 850 proposals in 2025 in important areas such as energy, housing, transportation, health, and services, resulting in the issuance or amendment of around 40 investment licenses.

To promote efficiency, the NIC extended digital services by developing an electronic system and an online investment platform, enabling investors to follow applications instantly.