Iraq, France's AFD partner on €130m wastewater projects
Baghdad (IraqiNews.com) – In a move to strengthen sanitation infrastructure and improve public health in underserved regions, Iraq has signed two major financing agreements with France's Agence Française de Développement (AFD), totaling €130 million.
Iraqi Finance Minister Taif Sami Mohammed signed the two agreements on Tuesday, in the presence of the French ambassador in Baghdad.
The funding will support two key wastewater treatment projects. A €110 million package, which includes a €30 million top-up loan, will go toward expanding the Khalidiya sewage system in Al Anbar Governorate. Meanwhile, an additional €100 million has been earmarked for the construction of the Hamza sewer project in Diwaniya Province.
These projects aim to boost essential services and living conditions, particularly in low-income areas of Iraq. AFD, active in Iraq since 2011, has so far invested around €600 million in public and commercial development across the country. The latest agreements mark another step in deepening Iraq-France cooperation on infrastructure and sustainable development.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Iraq Business
an hour ago
- Iraq Business
UK's Agrium Capital to Build Infant Formula Plant in Iraq
By John Lee. The Iraq Development Fund has reportedly signed a memorandum of understanding with British firm Agrium Capital to establish Iraq's first modern infant formula production facility, with a planned capital expenditure exceeding $200 million. The plant, which will use locally sourced ingredients including Iraqi milk, is expected to meet 85 percent of the domestic market's demand, reducing Iraq's reliance on imports and enabling improved quality oversight. State-run Iraqi News Agency (INA) quotes Agrium Capital Managing Director, Rod Bassett, as saying that the company operates globally with around 3,000 employees and is now focusing on food security and renewable energy. He emphasised Iraq's strategic importance and noted the company's 15-year presence in the Iraqi market. The factory will have a production capacity of 25,000 tonnes annually, and is the first in a series of planned investments in Iraq's industrial sector. (Source: INA)
Iraq Business
an hour ago
- Iraq Business
Iraqi Start-Up secures Funding to Expand Across ME
By John Lee. ToolMart, an Iraqi-based e-commerce platform that sells tools and hardware products, has successfully closed its seed funding round led by Plus VC and Oasis500, along with prominent angel investors from across the region. The newly-secured capital will be used to accelerate the company's growth, expand its workforce, and scale operations into new markets in the Middle East. Since its launch, Toolmart has aimed to simplify industrial procurement and boost efficiency for purchasing teams. The platform has fulfilled over 10,000 orders, added more than 35,000 products, and currently serves over 100 companies across the region. This funding milestone marks a new chapter focused on platform development, enhanced customer experience, and supplier network expansion. The company expressed its appreciation to all partners and clients for their trust and support, reaffirming its commitment to reliable service delivery. (Source: ToolMart)
Iraq Business
an hour ago
- Iraq Business
New Food Processing Plant opens in Al-Mahmoudiya
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has officially opened the United Arab Company for Food Industries factories in Al-Mahmoudiya, south of Baghdad. The first phase includes pasta and noodle factories built on 20 percent of the 123-dunam [12 hectares; 30 acres] site, with an investment of 128 billion Iraqi dinars [$98 million]. The company currently employs 800 staff and aims to grow its workforce to over 1,000, targeting both the domestic and export markets. Al-Sudani emphasised that while the government will facilitate investment and regulation, the private sector must lead Iraq's industrial renaissance. (Source: Media Office of the Prime Minister)
