Iraq to launch $119m energy investment corporation
The decision, made by the Iraqi cabinet in Baghdad, marks a significant step toward unifying regional governmental efforts under one ambitious venture.
According to sources, key stakeholders in the corporation include the State Pension Fund and the state-owned Trade Bank of Iraq. The new entity will focus on financing, developing, and managing energy projects, aiming to attract investment and improve infrastructure in the nation's critical energy sector.
This initiative reflects Iraq's broader goals of modernizing its energy industry and increasing its role in the global energy market.
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