Baghdad, Iraq–Iraq has signed an agreement with the International Finance Corporation (IFC) – a member of the World Bank Group – for the development and rehabilitation of Baghdad International Airport.
Media Office of the Iraqi Prime Minister stated in a statement that the agreement, which was signed under the sponsorship of Iraqi Prime Minister Mohammed S. Al Sudani, encompassed providing a comprehensive investment portfolio for the expansion, financing, operation, and maintenance of Baghdad International Airport by the IFC.
The agreement’s goal is to enhance its facilities, safety measures, and overall services, aligning with global airport standards, facilitated by a specialized international firm.
The Iraqi Prime Minister stressed that the agreement is part of a broader series of agreements with the private sector which will play a vital role in developing critical infrastructure across various sectors in Iraq, aligning with an economic vision extending to 2030. This vision aims to bolster the infrastructure necessary for the sustainable growth of the Iraqi economy.
He underlined the government’s commitment to the Baghdad International Airport project, emphasizing its significance as an outlook of Iraq and its people. This project aligns with a comprehensive vision encompassing all airports and seeks to diversify transportation methods while fostering international connectivity with regional and global partners.
