Agricultural Potential: Iraq has a significant portion of arable land and favorable climate conditions for agriculture. Investment in the agrofood sector can tap into the country's agricultural potential, contributing to increased food production and food security. Population Growth: Iraq has a growing population of 40 Million+, and the demand for food is likely to increase accordingly. Investing in the agrofood sector can cater to the rising demand for diverse food products. Government Initiatives: The Iraqi government is actively supporting and promoting the agrofood sector through policies, subsidies, and infrastructure development, it can create a more conducive environment for investors. Diversification of Economy: Reducing dependence on oil revenue is often a goal for Iraq. Investing in non-oil sectors like agriculture can contribute to economic diversification, making the economy more resilient to fluctuations in oil prices. Technology Adoption: The adoption of modern agricultural, food processing and packaging technologies can enhance productivity and efficiency in the agrofood sector. Investment Incentives: The existence of investment incentives such as tax breaks, favorable regulations, and other incentives can make the agrofood sector more attractive to potential investors. Infrastructure Development: The Iraqi government is taking measures for building more adequate infrastructure, including transportation, storage, and processing facilities, that are crucial for the agrofood industry, and will have a positive impact the efficiency of the agrofood supply chain.
