Iraq's High Committee for Reconstruction and Investment has approved several new investment projects across the main development sectors, including housing, electricity, oil industries and pharmaceuticals, INA reported on August 4, citing a statement from the Prime Minister's Media Office.

The decisions were made during the committee's regular meeting, chaired by Prime Minister Mohammed Shia' Al-Sudani, where various investment-related files were reviewed. The meeting focused on the government's commitment to accelerating reconstruction and local industrial development.

The committee discussed projects aimed at rehabilitating several cultural and heritage sites under the ministry's supervision with the Minister of Culture, Tourism and Antiquities.

The committee also met with the Governor of Nineveh, approving the establishment of a pharmaceutical factory in Mosul, aligning with Iraq's broader strategy to localise pharmaceutical production. Additional commercial and residential projects in Nineveh were also endorsed.

In the electricity sector, the Director General of the General Company for Electricity Transmission presented plans to ensure a stable power supply to new housing complexes in Baghdad and nearby provinces.

Discussions focused on adopting an economically efficient model to enhance power distribution and ensure uninterrupted supply.

Iraq has been doubling its efforts to enhance development projects. In April, the country broke ground on its first waste-to-energy facility in Baghdad, a 100MW plant built to process 3,000 tonnes of municipal waste per day.

In July, construction began on the 1GW Shams Basra solar project, with its first 250MW phase slated to commence operations by year-end as part of Iraq's broader drive to diversify its energy mix.