Babil unveils major investment projects, promises 20,000 private sector jobs

BABIL – Local authorities in Babil have announced a wide-ranging economic development initiative aimed at revitalizing the governorate’s economy and public services, with more than 20,000 new jobs expected through major private-sector investments.

Governor Adnan Fayhan al-Dulaimi told state newspaper Al-Sabah that his administration identified significant issues in budgeting and engineering surveys, along with a shortage of qualified personnel caused by poor planning. He said the government has since addressed these challenges with a “clear vision and precise regulations” that helped revive stalled development efforts.

Among the centerpiece projects are the Kifl refinery, a free market, a pharmaceutical city, and new industrial zones. “These will change Babil’s economic landscape,” al-Dulaimi said, noting that the initiatives will generate tens of thousands of jobs, including roles for skilled professionals such as accountants.

He described Babil’s central location and existing infrastructure as key advantages, calling the governorate “Iraq’s industrial capital” and citing the issuance of hundreds of investment licenses as proof of growing investor confidence.

The governor also emphasized plans to develop the professional workforce. He said the government is adopting international accounting standards and offering specialized training programs to help residents meet labor market needs.

“This next phase will bring a qualitative shift in investment and reconstruction,” he said, “with a tangible impact on citizens’ livelihoods and services.”

Despite the optimism, Babil continues to face high levels of poverty and unemployment. A recent government survey reported a poverty rate of 35.7%, placing Babil among the hardest-hit governorates in Iraq. More than 400,000 people are unemployed, according to official estimates, underscoring the urgency of long-term, sustainable development.