7.5 Billion Dinars for Investment in Iraq

Noozz Editorial
Mar 20 2005

The Iraqi government has earmarked 7.5 billion dinars for its annual investment budget. The figure is almost 21.4% of the country overall budget.


According to a report released by the Ministry of Finance, the industrial sector has got the highest rate of the investment budget reaching 4937.9 billion dinars or 65.4%, followed by the construction and services sector which got 943.8 billion dinars (12.5%).

Transport sector came third with 419.4 billion dinars (6.5%).

As far as the investment in the oil sector, the government has earmarked 4500 billion dinars which is the highest investments laid for the sector (59.6%). The budget would be targeting the rehabilitation of oil establishments in the country to push its production level. There will also be a billion dinars devoted for the power generating systems.

The ministry of housing and construction will have 365 billions (8.4) which will be devoted mainly to the reconstruction of the government buildings.