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Agriculture: Many countries have made offers to invest in modern irrigation technologies
Economical 01/22/2024
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Baghdad: Al-Sabah
Yesterday, Sunday, the Ministry of Agriculture announced that some countries had submitted offers for partnership and investment in Iraq, especially in the field of modern irrigation technologies, while it revealed contracts to purchase thousands of modern irrigation systems of various sizes from emergency security allocations and the operational budget.
The Director General of the Agricultural Investments Department in the Ministry, Iyad Al-Bulani, told the Iraqi News Agency (INA): “Investment offers were submitted to the Ministry from many countries in the field of agricultural projects, and they have not been decided yet, because investment in the agricultural sector needs time, in order to Choosing the appropriate place, analyzing the soil, the nature of the water, its quantities or the stock, especially since most of the new investments are in areas that depend on groundwater.”
Al-Bolani explained that “the countries that applied for investment diversified their projects, including investment in strategic crops and complementary projects,” stressing that “all
offers are now in the process of discussion.”
He added, “The directives of Prime Minister Muhammad Shiaa Al-Sudani and Minister of Agriculture Abbas Al-Olayawi stress the trend towards using modern irrigation techniques,” noting that “Iraq needs intensive efforts in order to move to modern technologies and keep pace with the climate challenges that have occurred
at the world level.” .
He pointed out that “when submitting any project to the Ministry at the present time, one of the conditions for the feasibility study is the adoption of modern technologies,” pointing out that “there are offers from Saudi Arabia, the Emirates, and Iran, to enter into partnerships or invest, especially in modern irrigation technologies.”
He stated, “The Prime Minister ordered the allocation of the support allocated for fertilizer to modern irrigation systems, amounting to (100) billion from the budget, to purchase modern irrigation systems.”
He stated, “The Ministry has a contract with the Ministry of Industry to purchase 450 systems from the emergency security and operational budget allocations, and a loan in the investment budget of approximately (300) million dollars with Austrian Power to purchase (5,000 - 6,000) systems of various sizes.”
He noted that “one of the points that were requested to be presented at the investment forum, which will be held under the auspices of the Prime Minister, is the announcement of ready-made investment opportunities, meaning that all their requirements are complete, including the water share and approvals from the
relevant sectoral authorities.”
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