Q&A: Sami al-Araji, chairman of the National Investment Commission
The country's top investment official discusses his efforts to follow up the Kuwait reconstruction conference and continue generating interest in Iraq.
Sami al-Araji, the chairman of Iraq's National Investment Commission, addresses an investment and reconstruction conference in Diyala province on Aug. 17, 2017. (Source: National Investment Commission)
BAGHDAD - One of Iraq's best hopes for solving chronic problems of high unemployment and poor services lies in attracting foreign investment.
With an unwieldy public-sector payroll and high military spending requirements, the government directed just 18 percent of its overall expenditures to investment projects in 2017, according to Ministry of Finance data obtained by Iraq Oil Report.
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