Turkish Group Proposes Food Processing, Agri and Rail Investments

By John Lee.

Türkiye's Tiryaki Agro has proposed a package of investments in Iraq covering food security, food processing and transport logistics.

According to the National Investment Commission (NIC), the group presented its proposals at a meeting with NIC Chairman Adel Al-Yasiri. The delegation was led by Fatih Tiryakioğlu, Deputy Managing Director.

The proposals include:

• An Integrated Food City in Basra, comprising food processing complexes, wheat mills, sugar production plants and vegetable oil refineries
• Agricultural development and large-scale land reclamation projects to support domestic production and expand food exports
• Improved bulk freight transport by rail, through the rehabilitation of freight wagons and locomotives, in coordination with the Ministry of Transport and Iraqi Railways

Al-Yasiri said the Commission is committed to supporting established international companies entering the Iraqi market, particularly in priority sectors, and reviews proposals under applicable laws and regulations, assessing their economic viability.

(Source: National Investment Commission)

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