The Iraq fertilizer project reached a key milestone as AAA Holding acquired full ownership of a major facility in Basra. Previously, the company held a partial stake, but now it controls 100 percent of the operation.
As a result of this acquisition, AAA Holding will lead the next phase of the Iraq fertilizer project with stronger direction and purpose. This step supports Iraq’s broader goals for food security and sustainable agriculture.
Moreover, the project plays an essential role in helping local farmers access quality fertilizer. With ownership secured, AAA Holding plans to improve production capacity and adopt advanced farming technologies. Therefore, the project will better serve the country’s growing agricultural demands.
In addition, AAA Holding emphasized its belief in Iraq’s economic future. By fully managing the Iraq fertilizer project, the company strengthens its position as a key driver of national development. This investment shows clear commitment to supporting Iraq’s industrial and agricultural sectors.
The acquisition followed successful cooperation with former stakeholders. AAA Holding expressed appreciation to Jood Al-Watan for Agricultural Production and Aljanoob Islamic Bank for Investment and Finance. Their support made the deal possible.
Furthermore, AAA Holding confirmed that development efforts will continue at a faster pace. The company will add new equipment, train staff, and implement sustainable practices. Through these actions, the Iraq fertilizer project will become more efficient and environmentally friendly.
Besides improving the plant, the company also plans to invest in surrounding communities. It aims to create jobs, support farmers, and raise living standards. In turn, these efforts will build a stronger, more stable local economy.
Likewise, the project demonstrates the value of public-private cooperation in Iraq. AAA Holding views the Iraq fertilizer project as a long-term model for future business and community growth. Such investments show that Iraq remains open and ready for positive change.
Additionally, the company will explore regional markets and increase fertilizer exports. This helps Iraq reduce dependence on imports while boosting its presence in global agriculture.
Ultimately, AAA Holding is committed to long-term progress. The company’s focus on innovation and sustainability reflects the core values behind the Iraq fertilizer project.
