Business Sectors in Iraq

Chief of Investment sector - ALWatania Holding Company

Mr. Samir Al Obaidi

Chief of Mills sector - Owner of Al Muttahida company

Chief of Food Industries sector - Chairman of Al Bunnia Group

Mrs. Zina Yakoob Al Khafaji

Chief of Electricity Energy - CEO of IVI Co. and IFC Co.

Chief of Agriculture & Food. CEO of ( ATA YATIRIM ) Co.

Automotive industry

Iraq’s automotive industry is experiencing growth, driven by a demand for modern vehicles, a growing middle class, and expanding urban infrastructure. Paired with increasing interest in vehicle maintenance services and fuel-efficient or electric models, the market is gradually opening to new technologies and business models. As the country rebuilds and modernizes, the need for reliable transportation solutions continues to grow, creating space for dynamic development within the sector.

Members

Mr. Saad Al Shattawi

Chief of Automotive Industry sector - Ababeel Al Saad For trade

Mrs. Ruaa Al Hasany

Chief of Automotive Industry sector. Executive Director - Ababeel Al Saad.

Banking sector

Iraq’s banking sector is undergoing a phase of modernization and expansion, supported by regulatory reforms and increasing digital adoption. The sector is evolving quickly, with growing demand for mobile banking, financial inclusion, and business financing solutions. Public and private banks alike are investing in infrastructure upgrades, digital platforms, and customer-centric services.

Members

Mr. Ali Tariq

Chief of Banking Sector. Executive Director - Iraqi Private Banks league.

Mr. Ghadeer M. Al Attar

Chief of Trade and Commercial agencies. -CEO - Al-Attar Holding. -Renault Cars Agent in IRAQ.

Trade & Commercial Agencies Sector

Iraq’s trade and commercial agencies sector plays a crucial role in connecting local markets with international goods and services. There is increasing demand for established global brands across industries—from electronics and food to construction and automotive. Regulatory updates and improving logistics are creating a more structured environment for agency partnerships and distributorships.

Members

Mr. Samir Al Obaidi

Chief of Mills sector - Owner of Al Muttahida company

Chief of Foodstuff Trade sector - Gulf Key General Trading L.L.C.

Chief of Amusement Parks sector - Managing Director of Alam Al Omran company

Mr. Falah Aftan

Chief of International Freight sector - General Manager of Mamlakat Al-Tawoos Company

Dr. Yasir Sabri

Chief of Insurance sector - Founder Al Hamraa insurance company

Mr. Turki Al Qaisi

Chief of Water Projects sector - CEO of Al-Qabas Group

Mr. Loay Al Saeed

Chief of Building and Construction Techniques sector - Babylonprecast Co.

Dr. Sabah Salim

Chief of Engieering Equipment sector - Chairman of Al Salim Investment Group

Chief of Food Industries sector - Chairman of Al Bunnia Group

Electric Energy Sector

Iraq’s electric energy sector is at a pivotal stage, with rising demand driven by various factors. While the sector has long faced challenges such as outdated infrastructure, ongoing investments in grid modernization, renewable energy, and regional interconnection projects are paving the way for transformation. The government has prioritized energy reforms and diversification, creating a landscape increasingly open to technology, efficiency, and long-term growth.

Members

Mr. Zaid Ali Al Obaidi

Chief of Medical devices and supplies - Manager at Wahat-Ishtar Co.

Chief of Industrial Cities sector - Chairman of Kovan Group of Companies

Chief of Electricity Energy - CEO of IVI Co. and IFC Co.

E-Payments Sector

Iraq’s e-payments sector is growing rapidly, driven by increasing smartphone use, regulatory support, and demand for digital convenience. New platforms like; ZainCash and QiCard, mobile wallets, and POS systems are expanding access to financial services, especially among youth and small businesses. With a shift away from cash and greater digital infrastructure, electronic payments are becoming a core part of Iraq’s evolving economy.

Members

Mr. Ali Al Asadi

Chief of E- Payment sector - Qi Card company

Dr.Bahaa Al Maamouri

Chief of E-Payment Sector - Founder and Chairman of Qi Card company.

Food Industry Sector in Iraq

Iraq’s food industry is evolving steadily, driven by a growing population, urbanization, and shifting consumer preferences. While the country continues to rely on imports for many staples, local food production and processing are gaining momentum, supported by government initiatives and private sector investments. Additionally, the rise of e-commerce platforms is enhancing access to a variety of food products, reflecting the sector’s modernization and adaptability.

Members

Chief of Foodstuff Trade sector - Gulf Key General Trading L.L.C.

Mrs. Zina Yakoob Al Khafaji

Chief of Food Industries sector - Chairman of Al Bunnia Group

Chief of Agriculture & Food. CEO of ( ATA YATIRIM ) Co.

Energy Sector

Iraq’s energy sector is undergoing significant transformation, focusing on enhancing domestic electricity generation and reducing reliance on imports. Recent initiatives include the development of gas processing facilities and renewable energy projects aimed at meeting the country’s growing energy demands. Collaborations with international partners are facilitating the modernization of infrastructure and the adoption of cleaner energy sources, positioning Iraq towards greater energy self-sufficiency and sustainability.

Members

Mr. Wamidh Al Yasiri

Chief of Tourism sector - CEO of Muften Holding

Saad Tayeb Hassan ( Sheikh )

Chief of Industrial Cities sector - Chairman of Kovan Group of Companies

Chief of Energy sector - Power generation

Engineering Equipment Sector

Iraq’s engineering equipment sector is experiencing significant growth, propelled by infrastructure development, industrial expansion, and modernization efforts. The demand spans various industries, including construction, oil and gas, and manufacturing, necessitating advanced machinery and equipment. Government initiatives and international collaborations are fostering an environment conducive to technological advancement and increased production capacity.

Members

Dr. Sabah Salim

Chief of Engieering Equipment sector - Chairman of Al Salim Investment Group

Tourism Sector

Iraq’s tourism sector is experiencing a revival, driven by its rich cultural heritage, religious significance, and diverse landscapes. The designation of Baghdad as the Arab Tourism Capital for 2025 has spotlighted the nation’s efforts to enhance its tourism infrastructure. Initiatives aim to develop archaeological sites into tourist destinations, reflecting Iraq’s commitment to leveraging its historical assets. With increasing international interest and ongoing investments, the sector is poised for sustainable growth, contributing to economic diversification and cultural exchange.

Members

Mr. Wamidh Al Yasiri

Chief of Tourism sector - CEO of Muften Holding

Chief of Investment sector - ALWatania Holding Company

Chief of Amusement Parks sector - Managing Director of Alam Al Omran company

Mr. Kareem Al Yasiri

Chief of Tourism sector - Babylon Hotel

Chief of Electricity Energy - CEO of IVI Co. and IFC Co.

Building & Construction Techniques Sector

Iraq’s building and construction techniques sector is evolving steadily, with a growing focus on modern methods such as precast concrete, modular construction, and sustainable materials. These innovations are increasingly applied in large-scale housing, infrastructure, and commercial developments to improve efficiency, cost-effectiveness, and durability. Government-backed urban projects and foreign partnerships are accelerating the adoption of advanced construction technologies, helping meet rising demand while supporting long-term development goals.

Members

Mr. Wamidh Al Mousawi

Chief of Construction Industries sector - CEO of Aliedad company

Saad Tayeb Hassan ( Sheikh )

Chief of Industrial Cities sector - Chairman of Kovan Group of Companies

Mr. Loay Al Saeed

Chief of Building and Construction Techniques sector - Babylonprecast Co.

Oil & Gas Sector

Iraq’s oil and gas sector remains the backbone of its economy, contributing the majority of national revenue and exports. With vast proven reserves and ongoing development of major fields like Rumaila and West Qurna, the country holds a key position in global energy markets. Efforts to modernize infrastructure, increase refining capacity, and reduce flaring are supporting long-term sustainability. Strategic partnerships with international energy companies continue to enhance production, making the sector a critical driver of Iraq’s economic stability and growth.

Members

Mr. Wamidh Al Yasiri

Chief of Tourism sector - CEO of Muften Holding

Mr. Turki Al Qaisi

Chief of Water Projects sector - CEO of Al-Qabas Group

Mr. Ali Ghalib

Chief of Oil and Gas sector - Owner of Al Ghalib Co. LTD.

Chief of Energy sector - Power generation

Chief of Electricity Energy - CEO of IVI Co. and IFC Co.

Water Projects Sector

Iraq’s water projects sector is experiencing significant growth, driven by the urgent need to address water scarcity and modernize infrastructure. In 2024, the government plans to implement approximately 100 water and sewage projects nationwide, focusing on enhancing water supply and sanitation networks. Additionally, the Ministry of Water Resources has announced the construction of over 35 dams to combat drought and improve water storage capacity.

Members

Mr. Wamidh Al Mousawi

Chief of Construction Industries sector - CEO of Aliedad company

Mr. Turki Al Qaisi

Chief of Water Projects sector - CEO of Al-Qabas Group

Pharmaceutical Industry Sector

Iraq’s pharmaceutical industry has always been steadily growing, fueled by rising healthcare demand, population growth, and regulatory reforms. While much of the market remains import-dependent, local manufacturing is expanding, supported by public-private partnerships and investment incentives. Major cities like Baghdad and Erbil are becoming hubs for pharmaceutical production and distribution, with a focus on essential medicines and generic drugs.

Members

Dr. Bashar Neamah

Chief of Pharmaceutical industries sector - GM of Sawa Group

Law Firms & Arbitration Sector

Iraq’s legal and arbitration sector is gaining strength as economic activity expands and the demand for structured dispute resolution grows. Law firms are increasingly offering specialized services in corporate law, commercial contracts, and international arbitration, especially to support foreign investment and infrastructure projects. Recent legal reforms and Iraq’s commitment to aligning with international arbitration standards are enhancing confidence in its legal environment. This sector plays a vital role in ensuring legal clarity, protecting investments, and facilitating smoother business operations across industries.

Members

Mr. Muqdad Al Jubori

Chief of Law firms and Arbitration sector - Partner of Al Mutahidoon Law Firm.

Insurance Sector

Iraq’s insurance sector is expanding as economic activity increases and awareness of risk management grows. Recent regulatory reforms and the introduction of digital insurance platforms are improving access and transparency. Both public and private insurers are offering a wider range of services, including health, auto, property, and business coverage. With rising demand from sectors like construction, oil, and banking, insurance is becoming a more integral part of Iraq’s financial landscape.

Members

Dr. Yasir Sabri

Chief of Insurance sector - Founder Al Hamraa insurance company

Communications Sector

Iraq’s communications sector has seen notable progress in recent years, driven by widespread mobile phone adoption, internet expansion, and the rollout of 4G services. Major telecom providers are investing in network upgrades and digital infrastructure to meet rising demand for connectivity and data services. The sector is increasingly integrated into daily life and business operations, supporting everything from e-commerce to education. Continued efforts toward digital transformation are positioning communications as a cornerstone of Iraq’s modern economy.

Members

Mr. Zaid Ali Al Obaidi

Chief of Medical devices and supplies - Manager at Wahat-Ishtar Co.

Mr. Ali Anwar

Chief of Software Systems sector - Ibtikar IT company

Mr. Alaa Jasim Mousa

Chief of Communication sector - CEO of EarthLink

Software Sector

Iraq’s software systems sector is rapidly growing as digital transformation accelerates across both public and private sectors. Startups and IT firms are emerging in cities like Baghdad and Erbil, contributing to innovation in fintech, e-government, and business automation. As infrastructure and digital literacy improve, the software sector is positioned to play a key role in Iraq’s modernization and service delivery.

Members

Mr. Ali Anwar

Chief of Software Systems sector - Ibtikar IT company

Mr. Alaa Jasim Mousa

Chief of Communication sector - CEO of EarthLink

International Freight Sector

Iraq’s international freight sector is expanding as trade volumes grow and regional logistics improve. Key infrastructure projects like the Grand Faw Port and the Iraq Development Road are set to enhance Iraq’s role as a trade hub connecting the Gulf, Europe, and Asia. Air, land, and sea freight services are becoming more organized, with increased investment in customs systems and logistics zones. As cross-border commerce gains momentum, the freight sector plays a vital role in supporting Iraq’s economic integration and regional competitiveness.

Members

Chief of Foodstuff Trade sector - Gulf Key General Trading L.L.C.

Mr. Falah Aftan

Chief of International Freight sector - General Manager of Mamlakat Al-Tawoos Company

Amusement Parks Sector

Iraq’s amusement parks sector is gradually reemerging as demand for leisure and family entertainment increases, particularly in major cities like Baghdad, Erbil, and Basra. New parks and entertainment complexes are being developed, offering modern rides, recreational facilities, and cultural attractions. Investments from both local and regional developers reflect growing interest in enhancing quality of life and diversifying urban amenities. As security improves and disposable incomes rise, the sector is positioned to play a key role in Iraq’s tourism and domestic leisure economy.

Members

Chief of Amusement Parks sector - Managing Director of Alam Al Omran company

Foodstuff Trade Sector

Iraq’s foodstuff trade sector is a vital component of the national economy, driven by high domestic consumption and reliance on imports for staple goods. The sector includes a wide network of wholesalers, distributors, and retail markets that ensure the flow of essential food items across the country. Ports like Umm Qasr and border crossings play a major role in maintaining supply chains. With growing urban populations and shifting dietary preferences, the food trade sector is adapting through improved logistics, warehousing, and cold chain investments.

Members

Chief of Foodstuff Trade sector - Gulf Key General Trading L.L.C.

Mrs. Zina Yakoob Al Khafaji

Chief of Food Industries sector - Chairman of Al Bunnia Group

Chief of Agriculture & Food. CEO of ( ATA YATIRIM ) Co.

Mills Sector

Iraq’s mills sector plays a critical role in food security, supplying essential products like flour and semolina to meet national demand. The country operates a network of public and private mills, many of which are supplied by locally produced wheat through government-supported procurement programs. Modernization efforts are underway to enhance milling efficiency, reduce waste, and improve product quality. As consumption continues to rise, the sector remains integral to Iraq’s agricultural and food distribution systems.

Members

Mr. Samir Al Obaidi

Chief of Mills sector - Owner of Al Muttahida company

Construction Industry Sector

Iraq’s construction industry sector is one of the fastest-growing pillars of the economy, fueled by reconstruction efforts, population growth, and major public infrastructure projects. The sector spans residential, commercial, and civil developments, with key initiatives such as new housing cities, hospitals, roads, and government buildings. Local firms and international contractors are actively involved, supported by state-led programs and foreign investment.

Members

Chief of Investment sector - ALWatania Holding Company

Mr. Wamidh Al Mousawi

Chief of Construction Industries sector - CEO of Aliedad company

Chief of Industrial Cities sector - Chairman of Kovan Group of Companies

Mr. Loay Al Saeed

Chief of Building and Construction Techniques sector - Babylonprecast Co.

Chief of Food Industries sector - Chairman of Al Bunnia Group

Entrepreneurship Sector

Iraq’s entrepreneurship sector is gaining momentum, driven by a growing youth population, increased digital access, and rising interest in innovation. Cities like Baghdad, Erbil, and Sulaymaniyah are becoming hubs for startups, supported by incubators, coworking spaces, and international development programs. Sectors such as e-commerce, fintech, and agritech are seeing notable activity, often led by young entrepreneurs seeking to solve local challenges with creative solutions.

Members

Mr. Mujahid Al Waissi

Chief of Entrepreneurship sector - CEO of KAPITA Business Hub

Mr. Ali Tariq

Chief of Banking Sector. Executive Director - Iraqi Private Banks league.

Investment Sector

Iraq’s investment sector is evolving as the government pushes for economic diversification and improved business conditions. Strategic reforms, streamlined licensing processes, and new public-private partnerships are creating a more favorable environment for both domestic and foreign investors. Priority sectors include energy, construction, agriculture, telecommunications, and tourism, with special economic zones and large-scale infrastructure projects drawing increased interest.

Members

Chief of Investment sector - ALWatania Holding Company

Mr. Mujahid Al Waissi

Chief of Entrepreneurship sector - CEO of KAPITA Business Hub

Chief of Amusement Parks sector - Managing Director of Alam Al Omran company

Mr. Kareem Al Yasiri

Chief of Tourism sector - Babylon Hotel

Mr. Ghadeer M. Al Attar

Chief of Trade and Commercial agencies. -CEO - Al-Attar Holding. -Renault Cars Agent in IRAQ.

Medical Devices & Supplies Sector

Iraq’s medical devices and supplies sector is always expanding to meet growing healthcare demands driven by population growth and infrastructure development. Hospitals and clinics across the country are increasingly adopting modern diagnostic and treatment technologies, creating steady demand for equipment such as imaging systems, surgical tools, and patient monitoring devices. Government procurement programs and partnerships with international suppliers are helping upgrade public health facilities, while the private sector is also investing in high-quality, specialized equipment.

Members

Mr. Zaid Ali Al Obaidi

Chief of Medical devices and supplies - Manager at Wahat-Ishtar Co.

Dr. Yasir Sabri

Chief of Insurance sector - Founder Al Hamraa insurance company

Digital Industry Sector

Iraq’s digital industry sector is experiencing significant growth, driven by government initiatives, private sector investments, and a youthful, tech-savvy population. The ICT market is projected to reach $1.22 billion by 2029, with a compound annual growth rate (CAGR) of 5.98%. Key developments include the launch of the Digital Transformation and Automation Center, aiming to modernize public services and integrate artificial intelligence into various sectors. Additionally, the implementation of the Digital Payment Regulation marks a shift towards a cashless economy, enhancing financial inclusion and transparency.

Members

Mr. Ali Al Asadi

Chief of E- Payment sector - Qi Card company

Mr. Bassam Al Ateia

Chief of Digital Industry. Founder - Al Ateia Group Digital Services & development.

Transportation Sector

Iraq’s transportation sector is undergoing significant transformation, driven by strategic infrastructure projects aimed at enhancing connectivity and economic integration. The Dry Canal, is a flagship initiative connecting the Grand Faw Port in southern Iraq to the Turkish border through a 1,200-kilometer network of railways and highways, positioning Iraq as a vital transit hub between Asia and Europe. Urban transportation is also being addressed through projects like the Baghdad Metro, a 148-kilometer overground system with seven lines and 64 stations, developed in collaboration with international firms. These developments are poised to significantly boost Iraq’s logistics capabilities and regional trade competitiveness

Members

Chief of Investment sector - ALWatania Holding Company

Mr. Saad Al Shattawi

Chief of Automotive Industry sector - Ababeel Al Saad For trade

Mr. Falah Aftan

Chief of International Freight sector - General Manager of Mamlakat Al-Tawoos Company

Engineering and Architectural Sector in Iraq

Iraq’s engineering and architectural sector is central to the country’s rebuilding and modernization efforts. There is strong demand for housing, infrastructure, and urban development, driven by population growth and post-conflict reconstruction. The sector blends traditional Iraqi design with modern techniques and is supported by both local and international firms, in addition to new government initiatives and foreign investment are helping drive progress.

Members