Iraq launched Al-Tayeb Economic City to strengthen investment and create new economic opportunities. The National Investment Commission (NIC) has signed a contract to start Phase One of this major project in Maysan Province. This city will be Iraq’s first integrated economic hub.
Iraq launched Al-Tayeb Economic City to attract investors from different industries. NIC Chairman Dr. Haider Mohammed Makiyah confirmed that the project will focus on agriculture, industry, tourism, housing, and entertainment. Officials plan to use this project as a model for future economic cities in Iraq.
A U.S. company, KBR, has signed an agreement to support the project. The firm will conduct economic studies, identify investment opportunities, and develop strategic plans. These steps will ensure long-term growth and attract global businesses.
Iraq launched Al-Tayeb Economic City to support job creation and infrastructure development. The project connects to Iraq’s Development Road initiative, which aims to improve transport and trade. Officials expect the city to provide many jobs and boost regional economic activities.
During the signing event, key government leaders, including the Governor of Maysan and representatives from the Prime Minister’s Office, discussed the project’s goals. They focused on ensuring fast implementation, sustainable development, and attractive investment conditions.
With strong government backing, Al-Tayeb Economic City will help Iraq expand its economy. Experts believe this project will bring long-term benefits and attract international companies. Investors see this as a promising step for Iraq’s future.
