Iraq has allocated as much as $275 billion for investment on development projects in the country until 2017, Planning Minister Ali al-Shukri said in an e-mailed statement today.
Shukri also asked international companies to boost investments in the country’s housing, tourism, education, agricultural and industrial industries.
Iraq holds the fifth-biggest crude reserves in the world, according to data from BP Plc (BP/) that include Canadian oil sands. The government is seeking investment and expertise to revive its economy and rebuild its infrastructure and energy industry after years of conflict and sanctions.
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