Page 166 - investment-map-En-2021

145 Iraq Investment Map 2020-2021

12. Agriculture sector

Previously, the agricultural sector achieved

remarkable ratios to GDP due to availability of
the basic factors to a successful agriculture

where fertile plains, water of the Tigris and
Euphrates rivers and wide lands, whether

depending on irrigation or rain, as well as
having good amounts of water sources with the

availability of other human and material
resources, so Iraq was considered a food

basket for the Middle East and exporter of
various agricultural products, but this sector

deteriorated in the fourth quarter of the last
century because of neglect, poor management

of water resources and a growing population,
and in spite of these challenges, the sector

continues to play an important role in the Iraqi
economy to its potential in employment which

contribution to the GDP has reached at current
prices %4.16 and constant prices %2.5, while

there are approximately (3,321,223) dunem
declared by the Ministry of Agriculture, all of

these ready to be invested. This sector is a
promising one in terms of the multiplicity and

diversity of investment opportunities and in
the presence of the success elements of the

work in this sector so as to ensure the diversity
of the food basket and providing food security

through agricultural relative investments of all kinds.