Insights From the 48th session of the Baghdad International Fair

Prime Minister Mohammed S. Al-Sudani inaugurated the 48th edition of the Baghdad International Fair on Saturday, marking a significant milestone in Iraq’s economic development. The event welcomed 1,250 companies from 22 Arab and foreign countries, reflecting renewed international confidence in Iraq’s business environment.

In the keynote speech, the return of previously absent companies was celebrated, showing Iraq’s commitment to fostering strategic partnerships and driving economic growth. The address highlighted the country’s progress across key sectors, including industry, agriculture, energy, infrastructure, and services.

Iraq has strengthened its financial position by improving creditworthiness, reducing external debt, and attracting over 60 billion dinars in foreign investments. The government is expanding the national grid with plans to add 15,000–20,000 MW of electricity while actively implementing renewable energy projects. A major housing expansion is underway, aiming to deliver one million new housing units, alongside significant developments in healthcare, including the completion of stalled hospitals and the activation of health insurance programmes. The Development Road Project, a key Asia-Europe trade corridor, will feature economic zones, industrial hubs, and free trade areas, inviting international participation. Iraq is also enhancing its business environment with legal protections, sovereign guarantees, and partnerships with major global economies to encourage investment and long-term growth.