Iraq launched its Industrial Contracts Week at the Baghdad International Fair. The event brought together local and foreign companies from both public and private sectors.
At the opening ceremony, Industry and Minerals Minister Khaled Battal announced major achievements. He said the government had completed more than 86% of its industrial program. He also confirmed that Iraq laid the groundwork for 27 new factories, which will strengthen production and create jobs.
The minister revealed that the ministry signed 64 partnership contracts worth 9 trillion dinars ($6.1 billion). These deals involve both local and foreign investors. They cover strategic industries such as fertilizers, phosphates, iron, and steel. He added that talks continue for 33 additional contracts that could expand industrial growth even further.
Battal described the week-long fair, running through October 7, as a vital economic and social platform. He stressed that it connects industrialists with policymakers. According to him, this dialogue helps remove obstacles to industrial projects and encourages long-term investment.
The minister also addressed challenges. He noted that Iraq still struggles with shortages of electricity and gas. Border crossing issues and outdated factories also slow industrial progress. Despite these problems, Iraq reached self-sufficiency in cement production. In 2024, the country produced more than 37 million tons.
Production has also increased in chlorine for water treatment, electrical transformers, and other industrial goods. These gains demonstrate Iraq’s ability to expand its local manufacturing base and reduce dependence on imports.
Meanwhile, the General Company for Iron and Steel showcased its latest products at the fair. Marketing Director Mohammad Subih highlighted that Iraqi rebar production meets European standards. He explained that the ISO-certified plant produces up to 600,000 tons each year. The company now plans to expand exports to neighboring countries, reinforcing Iraq’s regional role in the steel industry.
Iraq’s Industrial Week reflects a broader push for industrial revival. With billions in new contracts, rising production, and growing investor interest, the country is positioning itself for stronger economic diversification.