USAID to fund key investment forum aimed to revamp Ninewa’s economy

Ninewa- Mosul’s Old City, 2019   Photo: KirkukNow

KirkukNow- Ninewa

Preparations underway to hold Ninewa Investment Forum (NIF) which will be taking place in Erbil from the 3rd to the 5th of December 2019.

This two-day event organized by the Iraq Governance and Performance Accountability (IGPA) project, which is funded by the U.S. Agency for International Development (USAID), will showcase investment-ready businesses to private investors from around the world.

KirkukNow, as an active partner and supporter of the NIF will cover the activities of the forum to contribute to the success of the event.

“The US government has declared additional economic support to Ninewa province via the NIF which will bring together international and diaspora investors with local businesses to showcase the investment potential of northern Iraq,” according to a statement by the organizers of the forum.

NIF will also present a portfolio of very attractive investment opportunities that will spark a virtuous cycle of both exciting project opportunities and increased investor confidence.

The forum will represent a unique collaboration between the U.S. and Iraqi private and public sectors

KirkukNow has set a media plan with the launch of the event to cover the activities of the forum and shed light on the various aspect which will be showcased.

The forum will represent a unique collaboration between the U.S. and Iraqi private and public sectors to support communities in Ninewa through catalytic investment opportunities.

US ambassador to Iraq, Matthew Tueller has stressed that “supporting economic growth in Ninewa is critical for the US which wants Iraq to be prosperous and resilient against extremist groups and those who work to undermine sovereignty and democracy in Iraq.”

The Ninewa Investment Forum will showcase more than 20 established companies and entrepreneurs seeking funds to expand their operations or launch new businesses. Featured enterprises come from rural and urban areas and include agricultural, food processing, manufacturing, pharmaceutical, tech and hospitality businesses, representing $127 million in investment opportunities.

Meanwhile, Steve Lutes, Vice President for Middle East Affairs at the U.S. Chamber of Commerce said, “In our opinion there is no stronger force for healing and rehabilitation than local economic development, putting young men and women to work, and getting communities back on their feet”.

Lutes added that “US companies and investors can play a key role to help bring about economic growth and create job opportunities in Ninewa.”

The event is, and will feature experts and speakers in international investment and development.

The NIF is supported by the US Chamber of Commerce, Iraqi Kurdistan Region’s Investment Board, Yazda Organization ( an international Ezidi organization), Iraqi Manufacturing Union, Ninewa Chamber of Industry and others.

The event will be covered by al-Ghad Radio, Ezidi 24, Iraqi Media Network, KirkukNow, Rudaw and Sama al-Mosul.


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