Baghdad: Iraqi Prime Minister Mohammed Shia Al Sudani on Saturday announced investment opportunities valued at $450 billion across different sectors. His announcement came as he addressed the opening of the two-day Iraq Investment Forum in Baghdad.

According to Qatar News Agency, the Iraqi Prime Minister stated that Iraq has recorded higher indicators of integration into the global economy, with the expansion of electronic payment systems and financial sector governance. He added that a dedicated conference will be held to present investment opportunities within the Development Road Project, the largest of its kind in the region.

Total investments have surpassed $100 billion, confirming the soundness of the decisions to diversify Iraq's investment environment, Al Sudani said. He pointed out the launch of the 'Riyada' initiative, which engaged over 500,000 young men and women, training 92,000 of them. This initiative has resulted in 12,000 new projects funded through loans and 20,000 job opportunities.

Partnerships with international companies have advanced investment in fertilizers, sulfur, phosphate, steel, construction, and food industries, he said. Al Sudani added that Iraq has achieved unprecedented success in pharmaceutical manufacturing, marking a historic milestone in the country's industrial development.

Today, 54 Iraqi factories have already begun exporting their products to regional and global markets, Al Sudani noted. He also mentioned that the government has launched the largest housing projects in the region, which are attracting both direct and indirect investments and creating hundreds of thousands of jobs.