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)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Shafaq News
an hour ago
- Shafaq News
Iraq liquidates two of four joint investment firms with Syria
Shafaq News/ Two out of four joint investment companies with Syria have been liquidated, the Iraqi Fund for External Development announced on Thursday. According to an official report, Iraq holds investments in four Syria-based companies, operating in both euros and US dollars. The first to be liquidated was the Arab Company for Livestock Development (ACOLID), with capital exceeding $210 million and a 16.8% Iraqi stake valued at $35.684 million. The second is the Iraqi-Syrian Land Transport Company, which holds €10 million in capital, half of which is owned by Iraq at a value of €5 million. The report also noted that two other companies are undergoing liquidation: the Iraqi-Syrian Maritime Navigation Company, with a capital of €25 million—of which Iraq holds a 50% share worth €12.5 million—and the Iraqi-Syrian Telecommunications Company, which has a capital of €20 million, with Iraq's stake amounting to €10 million.


Iraq Business
4 hours ago
- Iraq Business
Iraq Advances Legal Framework for Development Road Project
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Wednesday to review the legal framework governing the Development Road Project and its associated initiatives. The Prime Minister received a detailed briefing from the project team on legal and technical requirements, including construction standards and operational procedures. He emphasised the need to urgently finalise comprehensive management and operations models that align with modern technologies and international best practices. A specialised committee has been formed to draft the legal frameworks, working in coordination with US-based consultancy Oliver Wyman, which is supporting the project as an advisor. (Source: PMO) Tags: cg, development road project, featured, Oliver Wyman, United States


Iraqi News
11 hours ago
- Iraqi News
Iraq's oil production fall by 59,000 barrels per day
Baghdad ( – A senior Iraqi official at the State Organization for Marketing of Oil (SOMO) revealed on June 2 that the country's oil output in May declined by 59,000 barrels per day as Iraq plans to accelerate measures to compensate for prior overproduction. Iraq's oil production quota rose by 49,000 barrels per day in May, reaching a total of 4.049 million barrels per day, as reported by S&P Global. Since April 2024, eight OPEC+ countries, including Iraq, have resumed their voluntary production cuts of 2.2 million barrels per day. The production limit was set to rise to 411,000 barrels per day in May, June, and July 2025. However, this increase coincides with its compensation plan, which is supposed to compensate for serial overproduction in 2024. In the most recent plan, announced by the OPEC secretariat in Vienna in April, Iraq pledged to produce oil less than its quota by 140,000 barrels per day in May. The volume of crude oil that Iraq exported by sea declined to 3.27 million barrels per day in May 2025 compared to 3.30 million barrels per day in April 2025. According to government sources, Iraq's oil exports in May and June 2025 are expected to be less than 3.2 million barrels per day to meet its OPEC+ production quota. During the first five months of 2025, Iraq's crude oil exports averaged approximately 3.33 million barrels per day, compared to 3.45 million barrels per day during the same period in 2024.