The Iranian president’s chief of staff said Tehran and Baghdad have agreed to establish five joint industrial parks, including one in Iran’s border province of Kurdistan.

Speaking at a meeting on economic development of Kurdistan in the city of Sanandaj on Saturday, Mahmoud Vaezi said Iran and Iraq have devised plans to set up five joint industrial parks.

One of them is scheduled to be built in the province of Kurdistan, he added.

Iran is the top exporter of goods to Iraq, Vaezi said, noting that Iraq and its Kurdistan Region provide a perfect opportunity for Iran to boost exports and deal with the cruel US sanctions.

During Iranian President Hassan Rouhani’s visit to Iraq in March, the two countries signed five deals to promote cooperation in various fields.

The documents entail cooperation between Iran and Iraq concerning the Basra-Shalamcheh railroad project, visa facilitation for investors, cooperation in the health sector, and agreements between the Ministry of Industry, Mines and Trade of Iran and Ministry of Trade of Iraq, and another one in the field of oil between the petroleum ministries of the two countries.

Iran’s Minister of Industry, Mine and Trade Reza Rahmani has said that Tehran and Baghdad have agreed to reach the target of raising the value of annual trade exchange to $20 billion within two years.

(Source: Tasnim, under Creative Commons licence)

By John Lee.

Kuwait is reportedly planning to build towns close to the Iraqi border, and talking with Iraqi authorities to develop a “free zone” between the two countries.

According to Kuna, First Deputy Prime Minister and Minister of Defence Sheikh Nasser Sabah Al Ahmad Al Sabah (pictured) said the plan was currently “the preoccupation and focal task” of the government and the Supreme Planning Council.

He added that Kuwait’s planned Madinat Al Harir (Silk City) is expected to attract between $400- and $650-billion in investment over 25 years.

(Source: Kuna)

By John Lee.

King Abdullah II of Jordan arrives in Baghdad today on an official visit to Iraq for talks with President Barham Salih, and Prime Minister Adil Abd Al Mahdi and senior officials, with a view to strengthening bilateral relations and regional development.

According to a report from The Arab Weekly, the two countries are planning a border industrial zone with a possible 50,000 jobs. It would also facilitate exports of tax-exempted Jordanian goods to the Iraqi market.

In recent weeks, the two countries have agreed a series of measures to increase cooperation between the two countries, including a plan to finalize the framework agreement for the Iraqi-Jordanian pipeline which will run from Basra through Haditha to Aqaba in the first quarter of 2019.

They have also agreed to upgrade the al-Karamah – Terbil Border Crossing.

(Sources: Govt of Iraq, The Arab Weekly)

By John Lee.

Iraq’s National Investment Commission (NIC) has included four Special Economic Zones in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February:

  1. Huteen zone/ Babylon Province for medium & heavy engineering manufacturing.
    Huteen is located in Babylon Province/ Eskandariya city near the State Co. for Mechanical Industries and the State Co. for Automobiles.
    40 km to the north of Hilla city center, 50 km to Baghdad city center.
    550 km to Basra city and its ports
    10 km east to the Euphrates
    12 km to the north of Al Musaiab thermo electricity station
    Total area is 15000000 m², around 6000 donum in addition to branch streets within the site.
    Sewage, water pipes, electricity and facilities are available with limited damages.
    45 big area warehouses protected with earth embankment for highly immunized products.
  2. Mid Euphrates zone in Dewaniya, 1500 donum for agricultural industries (agro-industry) including dairy products, fruits, vegetables and meat processing and canning.
  3. Fine Machining zone in Nineveh (Al Kindi Co., site or Jabir Bin Hayan Co. site). One of the sites to be selected to produce machinery and equipment for medium and small projects such as valves and pumps.
  4. Baghdad zone (near BIAP) for advance technologies (Smart city).
    The smart city shall provide various activities for interested people in information technology, entertainment and social technologies. It also includes a training center, weekly gathering of professionals and specialists, meetings and scientific debates halls, computer courses for children, restaurant and coffee shop, markets for electronic devices, internet services center, a training center to develop human skills, a museum for communication devices and post stamps representing Iraq’s history, halls for investing companies, halls for simulating modern training technologies, a hotel for the visitors and many other services.

The full 46-page document can be downloaded here.

(Source: NIC)