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Iraq launches Vision 2050 to cut oil reliance, boost diversification, and create jobs via major infrastructure and reforms.
Iraq has launched Iraq Vision 2050, a national strategy to reduce oil dependence by 2050 through economic diversification, structural reforms, and private sector growth.
Prime Minister Mohammed Shia' al-Sudani announced the plan during a ceremony, highlighting efforts to position Iraq as a major transit hub for Asia-Europe trade via the Al-Faw Grand Port and Development Road projects, potentially creating 1.5 million jobs.
The initiative aims for 70% self-sufficiency in food, water, and energy using sustainable green practices.
It emphasizes broad national participation across government, businesses, universities, civil society, and youth, with a detailed roadmap to be submitted to the Council of Ministers.
The vision seeks to build a stable, diversified economy amid global technological changes.
Iraq lanza Visión 2050 para reducir la dependencia del petróleo, impulsar la diversificación y crear empleos a través de grandes infraestructuras y reformas.