Economy News – Baghdad
The Ministry of Agriculture is set to unveil 253 investment opportunities aimed at promoting the agricultural sector, a vital component of the national economy.
Dr. Iyad Kazem Al-Bolani, Director General of the Agricultural Investment Department at the Ministry, announced plans for the International Investment Conference, scheduled to take place in Baghdad on April 12 and 13. This conference, organized under the auspices of Prime Minister Mohammed Shia Sudani, will feature participation from a diverse range of Arab and international stakeholders.
Al-Bolani described the conference as one of the largest international events ever held in Iraq, encompassing all governmental sectors. His ministry will present 203 diverse agricultural investment opportunities at the conference, focusing on both plant and animal production. In addition, during an agricultural week, the ministry will showcase an additional 50 opportunities spanning various fields.
The investment opportunities offered will fulfill all necessary conditions for project success, leveraging the country’s human and natural resources. Each governorate will focus on specific project types, encompassing vegetable production (including crops such as wheat and vegetables) as well as animal production (including poultry, dairy farms, and calf fattening). Additionally, investment projects aimed at supplying agricultural services, such as machinery, seeds, fertilizers, and pesticides, will be included. Investors may also receive incentives to provide these essential services.
Developing both plant and animal segments of the agricultural sector is a cornerstone of the government’s strategy, directly impacting a large portion of the population dependent on agriculture. Al-Bolani emphasized the need for extensive investment initiatives and the importance of implementing detailed maps that identify promising investment areas. Understanding the competitive landscape in the Middle East is critical for attracting both national and foreign capital.
He further highlighted Iraq’s vast tracts of untapped land, housing a million cubic meters of renewable groundwater and the existing infrastructure that supports prospective success. The significant consumer market presents an opportunity for large-scale agricultural projects, rendering Iraq an attractive destination for investors.
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