Iraq Prepares 97 Industrial and Agricultural Projects
By John Lee.
As part of preparations for the Iraq Investment Forum, scheduled for 14-15 June in Baghdad, the Operations Room of the National Investment Commission (NIC) held an extensive meeting to review investment opportunities submitted by the Ministries of Industry and Minerals and of Agriculture.
97 Strategic Opportunities
The review covered 97 industrial investment opportunities worth an estimated 4 trillion Iraqi dinars. These include:
Rehabilitation and development of public sector companies into profitable entities via strategic partnerships with the private sector.
Establishment and expansion of industrial and economic cities.
Projects in petrochemicals and fertilisers.
21 targeted opportunities in heavy and medium industries.
In the agricultural sector, promising investment opportunities include:
Crop and livestock production.
Modern irrigation systems.
Agricultural mechanisation.
Development of food processing and packaging complexes, supporting food security and value-added outputs.
The NIC emphasised the importance of aligning the national investment map with state priorities in productive sectors and food and industrial security. The Commission called for streamlined investor procedures in coordination with relevant ministries to ensure the readiness of projects before their presentation at the forum.
The meeting was attended by members of the NIC Operations Room, representatives from the Iraqi Economic Council, and officials from the sectoral ministries.
(Source: NIC)
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