Latest news with #IndustrialCitiesAuthority
Iraq Business
07-04-2025
- Business
- Iraq Business
Iraq Allocates First Industrial City Plots in Anbar, Dhi Qar
By John Lee. The Minister of Industry and Minerals, Professor Eng. Khaled Battal Al-Najm, has chaired the first 2025 Board of Directors meeting for the Industrial Cities Authority, reviewing major industrial development plans. Key Developments: The Minister handed over the first batch of industrial city plot contracts in Anbar and Dhi Qar to investors following approval from the Ministerial Council for Economy on rental exemptions and fees. The meeting also discussed the development of Khazer Industrial City in Ninewa, assessing the economic feasibility of the project and its investment potential. The Minister directed a review based on current market conditions. The Ministerial Council for Economy's recent decision includes: Two-year rental exemption during project setup. Fixed rental rate of IQD 250,000 per month per 0.5-donum plot from year three to year five. Post-year-five rent adjustment capped at 5%. The initiative is expected to boost local industry, attract investment, and create jobs. (Source: Ministry of Industry and Minerals)
Zawya
05-03-2025
- Business
- Zawya
Iraq plans major industrial city in Al Faw
Iraq's Ministry of Industry and Minerals announced on Monday the launch of major industrial city in Al-Faw in southern Iraq as part of the Development Road mega project. Development Road involves the construction of a multi-modal transport corridor stretching from the Faw Port to the Northern border with Turkey at an estimated cost of $17 billion. Riyadh Jassim, Deputy Head of the Industrial Cities Authority told the state-run Alsabaah newspaper that Development Road includes a network of industrial cities from Al-Faw to the Turkish border. The proposed Al-Faw industrial city is expected to host petrochemical plants, power and water desalination plants, Liquefied Petroleum Gas (LPG) plants as well as mixed-use real estate projects, the official said No timeline for project completion or investment figures were disclosed. (Writing by Majda Muhsen; Editing by Anoop Menon) (
