Iraq approved three new industrial cities to boost economic growth and create jobs. Furthermore, Minister Khaled Battal Al-Najm led the Ministry of Industry and Minerals in approving these projects. Consequently, private companies will play a key role in development and management.
The first project is Iraq’s first pharmaceutical industrial city in Babylon, covering 708 dunams. In addition, the city will produce medicines and support healthcare industries nationwide. Officials expect the project to generate hundreds of jobs and attract investment from private firms. Therefore, the pharmaceutical sector will see significant growth.
The second project is Babylon Gateway Industrial City, which spans 2,000 dunams. It will focus on food production, light manufacturing, and medium industries. Moreover, the government designed infrastructure, utilities, and financial incentives to attract investors. Officials aim to strengthen supply chains and expand regional manufacturing capacities. As a result, the city will enhance economic activity in the region.
The third project is Akkad Industrial City in Rashidiya, Baghdad, on 125 dunams. Private companies will own and operate this city, targeting emerging industries. In addition, Minister Al-Najm stressed that private ownership allows faster implementation, flexibility, and innovation. Consequently, the city will attract startups and established businesses in modern industrial sectors.
During the Industrial Cities Authority meeting, officials discussed project costs, land allocations, utility provisions, and financing plans. Furthermore, they reviewed which industries the cities should target. Minister Al-Najm emphasized that these Iraq industrial cities will strengthen Iraq’s industrial base and diversify the economy.
Private sector involvement will drive the success of these projects. In particular, investors will provide expertise, technology, and capital to operate efficiently. The government expects this collaboration to encourage entrepreneurship, sustainable growth, and employment opportunities.
Overall, officials concluded that these Iraq industrial cities mark a strategic step in expanding Iraq’s industrial infrastructure. Additionally, they anticipate attracting local and international investors to develop multiple sectors. Therefore, Minister Al-Najm reaffirmed that industrial cities remain central to Iraq’s long-term growth strategy.
