Latest news with #Al-Najm
Iraqi News
23-05-2025
- Business
- Iraqi News
Foundation stone laid for $2bn phosphate fertilizer mega-project in Iraq's Anbar
Al- Anbar ( – Iraq's Minister of Industry and Minerals, Khalid Battal Al-Najm, laid the foundation stone on Thursday (May 22, 2025) for a new $2 billion integrated phosphate fertilizer complex in Al-Qaim, Anbar governorate. This major project is a partnership between Iraq's State Phosphate Company, Asas Al-Handasa, and East China Engineering Science and Technology Co. (ECEC). Minister Al-Najm highlighted that Anbar's western desert holds one of the world's largest phosphate reserves, estimated at 10 billion tons. The new facility aims to produce 500,000 tons of Triple Superphosphate (TSP) and one million tons of Diammonium Phosphate (DAP) annually. 'This project is a glimmer of hope and a cornerstone for major investments to utilize Anbar's minerals,' Al-Najm stated, adding that further silica and phosphate projects would be announced soon, some at the upcoming Baghdad Investment Forum in June. Economic expert Taha Al-Janabi noted the project's potential to redefine Iraq's use of natural resources by processing raw phosphate locally for higher value. The initiative is seen as a critical step towards economic diversification, job creation, and industrial revival in Anbar.
Iraqi News
12-05-2025
- Automotive
- Iraqi News
Iraq's Industry Minister tours Babil factories, pushes for automotive & pharma upgrades
Babil ( – Iraq's Minister of Industry and Minerals, Khalid Battal Al-Najm, conducted a field visit to several factories in Babil Governorate on Thursday (May 8, 2025) to assess operational realities and identify challenges. The Minister emphasized support for key sectors like automotive and textiles. At the General Company for Automotive Industry, Al-Najm reviewed the axial sprinkler plant and discussed expanding Peugeot car production lines, potentially including affordable models like Proton. He acknowledged that some formerly productive plants face issues requiring 'radical solutions.' A significant directive came during his visit to the Samarra Drug Industries (SDI) medical syringes plant, where the Minister ordered the addition of a new production line for IV solutions and medical syringes, addressing outdated equipment. Challenges in the textile sector due to reliance on imported raw materials were also noted. Minister Al-Najm highlighted ongoing discussions with Babil's governor for potential investment projects and stressed the Ministry's commitment to integrating with local administrations to overcome obstacles, including the impact of Iraq's water crisis on industry.
Shafaq News
22-03-2025
- Business
- Shafaq News
Iraq signs $2B+ deal with China for Basra industrial city
Shafaq News/ Iraq has signed two "important" investment contracts with the Chinese company Shang Shin to develop strategic industries, Minister of Industry Khaled Battal Al-Najm announced on Saturday. The first contract involves a sponge iron project with an annual capacity of one million tons, while the second focuses on establishing a multifunctional industrial city and heavy industries in Basra, Al-Najm said in a press conference. "Negotiations for these projects took a long time due to their importance and scale," he confirmed. The city, valued at over $2 billion, will be reportedly managed by an investing company under the Industrial Cities Law, with ownership remaining with a state-owned company. 'The legal procedures for this project faced complexities but were overcome with direct support from Prime Minister [Mohammed Shia Al-Sudani,]" he added. 'The ministry has overcome doubts about its ability to execute major industrial projects.' Earlier today, the Minister of Industry arrived in Basra to follow up on industrial projects. He laid the foundation stone for new factories, launched the pilot operation of the steel factory's furnace, and visited the iron pipe factory in Umm Qasr to monitor the execution of the Basra-Haditha oil pipeline.
