Iraq Investment Commission Details Baghdad Airport Financial City Project

The National Investment Commission has released new specifications for the proposed Financial and Economic City project located near Baghdad International Airport. Officials confirmed that the designated land is state-owned property, clearing the way for development without private ownership disputes. Legal assessments have invalidated previous agricultural contracts for the site, citing the unauthorized conversion of the land for commercial venues, restaurants, and private residences. The Ministry of Water Resources has formally confirmed that the area is excluded from current and future water allocation plans, further solidifying its status as non-agricultural land. The project is designed as a mixed-use development integrating commercial, residential, and educational facilities. Planners intend for the site to function as a self-sustaining urban hub rather than a burden on national infrastructure budgets. By centralizing these sectors, the government aims to stimulate economic growth through a modern, integrated business district. The commission emphasized that the project will operate under a model that minimizes state expenditure while facilitating private sector investment.