Iraq is boosting its international investment efforts through a new partnership with France. The Iraq Development Fund signed a memorandum of understanding with BPI France in Paris. This agreement aims to attract investment and support economic growth in Iraq.
The signing ceremony took place in Paris and included Chargé d’Affaires ad interim, Minister Plenipotentiary Thaer Waheeb Hussein. He highlighted the importance of encouraging companies to enter the Iraqi market. Furthermore, he emphasized the opportunities in productive and developmental sectors.
The Iraqi delegation was led by Mohammed Al-Najjar, Chairman of the Iraq Development Fund. On the French side, Élisabeth Bibiard, Director of European and International Affairs at BPI France, signed the MoU. The agreement establishes a framework for cooperation in key areas.
Under the MoU, both parties will work to support sustainable economic growth and strengthen Iraq’s competitiveness. In addition, it aims to enhance employment opportunities and promote innovation. The agreement also seeks to contribute to the financing of strategic development projects across Iraq.
Officials said the initiative represents a step forward in Iraq’s efforts to expand investment and economic cooperation with France. Moreover, it opens new horizons for bilateral partnerships in infrastructure, energy, and industrial sectors.
Experts noted that such agreements can boost investor confidence by providing clear frameworks and government support. Consequently, this MoU could encourage more French and European companies to explore opportunities in Iraq.
The partnership aligns with Iraq’s broader economic strategy to diversify its sources of growth and reduce reliance on traditional sectors. By fostering innovation and investment, the country hopes to accelerate long-term development and create jobs for its population.
In the coming months, officials expect joint projects to be announced under this MoU. These projects are likely to focus on key sectors such as energy, infrastructure, and technology, further deepening Iraq France investment relations.
Through this agreement, Iraq continues to strengthen its presence in global investment markets. The MoU reflects a shared commitment to sustainable development, international collaboration, and long-term economic growth.
