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Saudi Arabia is considering an Iraqi request to invest 1 million hectares of land in Anbar
April 16 2018 4:57 PM
April 16 2018 4:57 PM
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[rtl][rtl]Amendment of the law of the lease of agricultural land[/rtl]
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Iraq news
Iraq is considering an Iraqi request to invest 1 million hectares of farmland in Anbar province, the agriculture ministry said on Monday.
"Iraq has offered the Kingdom to invest one million hectares in Anbar province, after Baghdad put this agricultural land to invest in the Kuwait conference," said Undersecretary Mahdi Mahdi al-Qaisi.
The conference of donors for Iraq, held in Kuwait in mid-February, during which Baghdad launched hundreds of projects to invest.
Al-Qaisi added that "contacts between Iraq and Saudi Arabia have been going on for some time, and we await the response of the Saudi side, especially as it is related to the investment side and investors are companies," without giving further details.
The percentage of arable land in Iraq is 27 percent of the total area of Iraq, equivalent to 48 million acres, but the actual use does not exceed 12 million only.
Iraq imports more than 75 percent of its food and 91 other commodities from abroad, despite the financial crisis caused by lower oil prices over the past three years.
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Baghdad Post
[rtl]Iraq news
Iraq is considering an Iraqi request to invest 1 million hectares of farmland in Anbar province, the agriculture ministry said on Monday.
"Iraq has offered the Kingdom to invest one million hectares in Anbar province, after Baghdad put this agricultural land to invest in the Kuwait conference," said Undersecretary Mahdi Mahdi al-Qaisi.
The conference of donors for Iraq, held in Kuwait in mid-February, during which Baghdad launched hundreds of projects to invest.
Al-Qaisi added that "contacts between Iraq and Saudi Arabia have been going on for some time, and we await the response of the Saudi side, especially as it is related to the investment side and investors are companies," without giving further details.
The percentage of arable land in Iraq is 27 percent of the total area of Iraq, equivalent to 48 million acres, but the actual use does not exceed 12 million only.
Iraq imports more than 75 percent of its food and 91 other commodities from abroad, despite the financial crisis caused by lower oil prices over the past three years.
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