ISSN: 1817-5880

Author : Ali Kassim Al-Auqbi, Dr.

The Role of Foreign Investment in Developing Iraq Economy with Reference to Basrah Governorate

Dr. Ali Kassim Al-Auqbi

Gulf Economist, Volume 27, Issue 19, Pages 69-125

This paper concerns with the foreign investment role in
developing Iraqi economy in general and Basrah economy in
particular because it is one of the most important sources of external
fund recently.
The foreign investment participates in achieving the pivotal goal
of development which is drawn up by United Nations in the
developmental goals of the millennium. This goal is reducing poverty
(in developing countries) by 2015 to the half of its prevalent level in
1990 .
The foreign investment reality, directions in the world and the
investment movement characterizations in Arabian countries, are
reviewed in this research. In addition, the researcher highlights the
prevalent investment climate in Iraq and the retardant factors of
investment there. He found that the foreign investment size and its
positive impacts on growth could be absent, because it depends on
economy capacity extent to absorb and attract these investments.
Also, this capacity is very weak in Iraq because the investment
climate isn't prepared in spite of the investment law legislation and
what it contains of incentives and immunities, in addition to treating
the foreign investor as the national one. Nevertheless, this law
doesn’t succeed in gathering foreign investment, because of other
factors . Finally , the researcher arrives at the importance of creating
suitable investment climate that emphasizing on activation of foreign
investment attraction and direction, pursuing its execution ,removing
all the difficulties and considering it as complementary element to
the national investment