Iraq is set to embark on an ambitious job creation plan it hopes will result in work for as many as five million Iraqis in the next five years as it spends US$275 billion (Dh1.01 trillion) of cash earmarked for development.
"Between 2013 and 2017, these investment projects will bring four to five million job opportunities, some of which will be public sector positions and others will open up at private and foreign companies operating in Iraq," said Abdel Zahra Al Hindawi, the official spokesperson at Iraq's ministry of planning.
Iraq's unemployment rate is among the highest in the Middle East at 16 per cent. That compares with 18.1 for Tunisia and is above Egypt at 12.6 per cent.
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