By John Lee.
Cairo 3A Holding has reportedly signed a Memorandum of Understanding with International Venture Investment (IVI) Holding Limited in Baghdad to develop an integrated poultry project in Iraq.
According to report from Agar Gate, the agreement marks the start of a long-term partnership aimed at building a vertically integrated operation that meets international standards and boosts domestic production capacity.
The partnership will combine Cairo 3A's experience across the poultry value chain, from broiler production and feed manufacturing to food processing, with IVI Holding's local presence, infrastructure and investment capabilities in Iraq. The project is intended to support Iraq's food security, create new jobs and supply the local market with high-quality poultry products.
Under the MoU, the first phase of investment is planned at USD 160 million over five years, paving the way for detailed planning, comprehensive agreements and an approved implementation plan. Cairo 3A's chairman, Ayman El Gamil, said the initiative aligns with the group's regional expansion strategy and its goal of transferring industrial expertise to promising markets such as Iraq.
Cairo 3A views Iraq as a market with significant growth potential and sees this project as the start of wider cooperation in food security and supply chain activities. The group has stressed the importance of working with local partners that have clear vision and strong execution capabilities, such as IVI Holding Limited, to deliver added value to the Iraqi economy and improve sector sustainability.
(Source: Aqar Gate)
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