Iranian companies look to invest in Basra’s agriculture

BASRA / IraqiNews.com: The Chairman of southern Iraq’s Basra Investment Commission, Khalaf al-Badran, has announced on Wednesday that a group of the Iranian Shahid Companies wish to invest in the agricultural field in Basra province. “Our Commission has discussed with a delegation, representing the Iranian Shahid Company, the investment status-quo and means for investment in the agricultural field, and the Company had expressed wish to work in this field in our Province,” Badran told IraqiNews.com news agency. He said that his Commission strives to build such projects to develop the agricultural sector, particularly when considered that agriculture is developed in Iran, and its companies have broad experience that enable them to compete on broad areas of land in Basra Province, as opportunities for investment. Badran pointed out that “the percentage of profits made in agricultural projects are usually less than other sectors, thing that necessitates investment on broad areas of lands, along with building industrial plants to support the crops of those projects and making them economic.” “Basra has broad areas of lands that exceeded thousands of donums in northern Basra, Zubair, Shatt al-Arab, Abu al-Khasib, the southern desert, Siba, Faw and other areas, that are ready for agricultural investment,” he said. For his part, the Chairman of the Iranian Shahid Group, Mohammed Zada Haqqi, said that his “Company possesses modern potentials and technical abilities, and several projects, achieve din southern Iran, in a similar environment like that of Basra,” adding that “it plans to build huge agricultural investment projects, of economic nature on a broad area of land, exceeding 1,000 donums.”