Iraq’s economy is heavily reliant on oil, but diversification is now at the forefront of national strategy. One of the most promising areas for diversification is the logistics and industrial sector, particularly with projects like Basra Logistics City (BLC) and Kanza Iraq Industries.
BLC is designed to serve as a comprehensive logistics hub with storage facilities, customs-free zones, and specialized services for ports. Meanwhile, Kanza Iraq Industries complements this ecosystem by producing construction materials locally, reducing the need for imports and positioning Iraq as a regional supplier.
Key reasons why investors are drawn to Iraq’s logistics and industrial projects include:
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Strategic location: Iraq connects the Gulf, Turkey, and the Levant.
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Tax incentives: Investment projects enjoy up to 10 years of tax exemptions.
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High returns: BLC alone is projected to generate $36 million annually by 2026, with a steady 5% growth.
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Untapped potential: With growing demand for modern infrastructure, opportunities are vast and relatively unexplored.
As Iraq rebuilds and reintegrates into global markets, logistics and industry will serve as the backbone of its economic transformation. For visionary investors, Iraq offers opportunities that are both profitable and impactful.
