Author(s): Yusra Salim Nayyf, Khattab Imran Saleh, Saad Salih ISSA
In recent decades Iraq has seen a significant rise in the flow of Foreign Direct Investment (FDI). The FDI's distribution, however, is extremely unbalanced, and foreign investors' rivalry is fierce between countries. The focus is on the effect of active policy initiatives by the Government of Iraq (GOI), to promote the country's internal FDIs, while at the same time discouraging external FDIs. The new regional investment legislation, shortcomings and strengths, institutions and the effectiveness of the legislation and infrastructures in coordinating efforts to promote the country's inflows of FDI, are examined. The need for Iraq to encourage infrastructure investment and to influence economic development, which are reinforcing one another in turn by attracting more investments in infrastructure and productive industries, was finally stressed. This quest addresses a major topic, the economic reform. It was used in many countries around the world to try to define how much the reform’s position to effect is in attracting foreign direct investment and where the countries in the world.