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Tiryaki Agro proposes integrated food city in Basra
Türkiye’s Tiryaki Agro Group submitted a package of proposals to Iraq’s National Investment Authority, including a food industries city in Basra, land reclamation projects, and the rehabilitation of freight railcars and locomotives.
Türkiye’s Tiryaki Agro Group presented Iraq’s National Investment Authority with an investment package covering food security, food industries and logistical transport, Iraq Business News reported.
A delegation led by Deputy General Manager Fatih Tiryakioğlu presented the group’s proposals during a meeting with Authority Chairman Adel al-Yasiri in Baghdad.
Three projects
The proposals include establishing an integrated food city in Basra, with food-processing complexes, wheat mills, sugar-production plants and vegetable-oil refineries.
They also include agricultural development and large-scale land reclamation projects aimed at supporting local production and expanding food exports, as well as improving the rail transport of bulk goods by rehabilitating freight cars and locomotives in coordination with the Ministry of Transport.
Support for international companies
Al-Yasiri said the authority was committed to supporting established international companies seeking to enter the Iraqi market, particularly in priority sectors. He added that the authority was reviewing the proposals under applicable laws and regulations and assessing their economic feasibility.
The proposals come as Iraq seeks to strengthen its food security and develop its rail network, including the Development Road project linking the Grand Faw Port in Basra with the Turkish border.
Photos: Iraq’s National Investment Authority, Wikimedia Commons
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