Recognised for its deep-rooted agricultural heritage, Iraq represents a land of considerable potential for foreign investors. Its agricultural sector, steeped in a long tradition of farming, forms a critical part of the economy.

Key Statistics

The significance and potential of Iraq’s agriculture sector are underscored by the following figures:

• Contribution to GDP: The agriculture sector contributes 10% to Iraq’s GDP.
• Employment: 25% of Iraq’s workforce is employed in the agricultural sector.
• Export of Agricultural Products: The export of agricultural products from Iraq is valued at $1 billion.
• Import of Agricultural Products: The import of agricultural products into Iraq is valued at $5 billion.

Why Venture into Iraq’s Agriculture Sector?

There are multiple compelling reasons that make Iraq’s agricultural sector a prime target for foreign investment:

1. Robust and Expanding Market: With its large and growing populace, Iraq presents a substantial demand for agricultural products. The country’s population is projected to increase by 20% in the next decade, further augmenting the demand for farm produce.
2. Government Endorsement: The Iraqi government shows a strong commitment to nurturing the agriculture sector. In an effort to attract foreign investment, it has enacted numerous laws and offers enticing terms to foreign investors.
3. Investment Opportunities: The agricultural sector in Iraq offers diverse investment opportunities, ranging from developing new farmlands and investing in farming machinery and equipment, to establishing irrigation infrastructure and processing and exporting agricultural products.

Note: These figures are subject to change due to the dynamic nature of the agriculture sector in Iraq.

Conclusion: Iraq’s Agriculture Sector as a Promising Investment Destination

With its robust potential, Iraq’s agriculture sector serves as an attractive avenue for foreign investors. The government is dedicated to fostering the sector, offering a host of promising investment opportunities. If you are exploring lucrative investment options in Iraq, the agriculture sector merits serious consideration.

Get in Touch

We encourage those interested in delving deeper into the prospects of investing in Iraq’s agriculture sector to contact us today. Our team is ready to discuss your specific investment requirements and assist you in ensuring your investment journey is a rewarding one.

Take Action

The agriculture sector in Iraq is swiftly evolving, presenting a golden opportunity for foreign investors to contribute meaningfully to its growth and transformation. Reach out to us today to discover how you can be a part of this dynamic sector.

Sources

1. The World Bank, “Iraq Economic Update, September 2022”
2. The Economist Intelligence Unit, “Iraq: Agriculture Sector Report, 2022”
3. The United Nations Food and Agriculture Organization (FAO), “Iraq: Country Profile, 2022”

The data provided above gives a general overview of the sector’s size and potential for growth, although it should be noted that the agriculture sector in Iraq is in a state of constant flux.