The Iraqi Federal Ministry of Transport has announced that the International Finance Corporation (IFC) has reached the final stages of the development plan for Baghdad International Airport.

An agreement between Iraq and the IFC aims to create a competitive framework for key infrastructure projects across the country. Under this agreement, the IFC will act as the primary advisor for a PPP to upgrade Iraq's largest international airport, enhancing its facilities and security to meet international standards. After obtaining government approval, the project will move to the bidding phase to attract private investors and operators. This initiative aligns with Iraq's 2030 Vision for Sustainable Development, which seeks to engage the private sector, diversify the economy, and reduce dependence on oil revenues.