2023-12-02T07:24:29+00:00
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/ Prime Minister Muhammad Shiaa Al-Sudani stated on Saturday that his government is studying the establishment of economic projects, the establishment of industrial cities, and free zones in partnership with countries neighboring Iraq.
Al-Sudani said in his speech during the launch of the activities of the Industrial Partnerships Forum in Basra Governorate: We are currently studying economic projects, industrial cities, and free zones with Iran, Saudi Arabia, Jordan, and Kuwait.
The Prime Minister described the development road project as “Iraq’s first” project, adding that it will settle industrial cities starting from Al-Faw port and ending at the point of connection with Turkey.
In another part of his speech, Al-Sudani praised the efforts of the Ministry of Industry and Minerals in establishing this forum after the Mineral Investment Conference and completing contracts and opportunities exceeding (9) billion dollars, stressing that these conferences are a station for attracting investors and completing opportunities between the public and private sectors.
For his part, the Iraqi Minister of Industry and Minerals, Khaled Battal Al-Najm, announced in a speech in which he opened the forum’s work that this forum aims to present and announce (90) investment opportunities in various industrial fields and specializations after the success of the Mineral Investment Conference held by the Ministry in May of this year in Baghdad.
He confirmed that the Mineral Investment Conference attracted (9) opportunities for cement industry projects with a capacity of one million tons per year and many opportunities for the southern fertilizer industries with a capacity of one million tons per year and the sulfur industry with a capacity of more than two million and 500 thousand tons per year, in addition to projects under implementation for northern fertilizers in Baiji.