Iraq will launch its first-ever waste-to-energy project and attract investors.

Iraq will launch its first-ever waste-to-energy project and attract investors.

As part of its post-war economic ambitions, Iraq seeks to attract investors for its first waste-to-energy project, according to the official Iraqi News Agency. The project, which will be established in the Nahrawan district close to the capital Baghdad, will be offered by the National Investment Commission (NIC), the primary investment authority in Iraq.

According to the agency's citation of NIC Chairman Haidar Makkieh, the Authority is putting the finishing touches on the project's launch processes, which will be carried out in accordance with international standards. According to Makkieh, who added that it will only be made available to "serious" businesses, "this is a strategic project that will allow Iraq to benefit from waste in generating electricity to support its power system."