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Agriculture reviews to {Sabah} the most important topics of {Iraq Investment Forum}
Iraq 09/25/2024
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Baghdad: Shadha Al-Janabi
As part of efforts to develop the agricultural sector in the country, Baghdad will host the Iraq International Investment Forum at the beginning of next November, aiming to achieve investment opportunities in the sector for businessmen.
The Administrative Undersecretary of the Ministry of Agriculture, Dr. Mahdi Sahar Al-Jubouri, said in an interview with “Al-Sabah” that the “Iraq International Investment Forum” that his ministry will hold on the second of next November at the Baghdad International Fairgrounds, will witness its activities over two days, with an intensive presence of investors and businessmen from Arab and foreign countries to participate in its work and benefit from the opportunities offered.
He added that the forum aims to achieve investment opportunities for Arab and foreign businessmen, in addition to creating an attractive investment environment in the agricultural sector, especially in the processing industries such as dates and raising and propagating live livestock, in addition to producing a film documenting the achievements of the Department of Productive Agricultural Investments to be presented during the forum, in addition to coordination and joint cooperation between the committees and the agricultural directorates in the governorates, in order to encourage agricultural investment in the country.
Al-Jubouri stressed that Iraq contains vast areas of virgin land suitable for growing various crops, and contains billions of cubic meters of renewable groundwater, in addition to the extensive infrastructure it contains that enhances the chances of success, as well as the vast consumer market it contains that can accommodate huge projects. All of this provides justifications for the country to become a promising destination for agricultural investment worldwide in the coming period.
He revealed that the agricultural sector needs extensive investment operations, through the development of maps that show promising areas for investment in the country, and studying the elements of strength and weakness, in order to create elements of strength and studied influence to attract national and foreign capital, in light of the competition he described as not easy that all countries in the Middle East region are engaged in to attract investments to them in the midst of the global financial crisis.
The Administrative Undersecretary of the Ministry of Agriculture confirmed that the forum will provide a strong impetus to the development of the agricultural sector, in accordance with the plans that call for increasing the rate of produced crops in terms of quantity and quality, by providing a stable climate that guarantees the provision of profitable economic returns for those who practice agricultural work, considering the axis of developing agriculture in its plant and animal aspects, the most important aspect within the government’s plans and programs, due to the dependence of a large segment of the Iraqi people on agriculture directly or indirectly.
He pointed out that the process of transitioning to the private sector and relying entirely on its capabilities without state intervention is a fundamental pillar within the current government's work agenda.
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