Iraq Economic Growth gained new momentum on Saturday as Prime Minister Mohammed Shia al-Sudani launched the executive phase of a large private-sector factory in Baghdad. The facility will produce nine million units of infant formula each year. The project aims to strengthen local manufacturing, support food security and reduce Iraq’s dependence on imported supplies. Iraq Economic Growth now stands at the center of the government’s economic agenda.
Sudani’s office said the factory will produce formula for all age stages. It will also create fortified nutrition products for the domestic market. The office described the project as a strategic investment that aligns with long-term national goals. The government views the facility as an important step toward greater industrial independence.
Sudani praised the project during the launch ceremony. He said Iraqi industrialists continue to prove their ability to build large and competitive facilities. He also noted that the new factory can expand production to cover the entire domestic demand for infant formula. Additionally, he highlighted that children under two represent up to six percent of Iraq’s population. This demographic requires tens of millions of formula packages every year.
Moreover, Sudani said the project fits within the government’s broader plan to support national industry. The government aims to strengthen economic stability and reduce reliance on oil revenues. Sudani explained that partnership with the private sector remains essential. He added that business leaders now participate directly in decision-making processes related to development.
The prime minister also pointed to the role of the industrial coordination council. He said the council resolved many long-standing obstacles that slowed industrial expansion. Furthermore, he emphasized that the three-year budget law now includes sovereign guarantees for private-sector investments for the first time. He argued that these guarantees encourage investors and stabilize new ventures.
Sudani also discussed broader industrial progress across several sectors. He said pharmaceutical, food and construction industries attracted major new investments. Banks also expanded lending to small and medium enterprises. He noted that the number of SMEs rose from 2,000 in 2021 to 39,000 today. He also said 5,470 projects launched during the government’s last three years, with 53 companies now exporting products abroad.
Additionally, Sudani said Iraq reached self-sufficiency in several strategic materials. These materials include fertilizers, rebar and all cement types. He argued that national industry continues to advance, despite receiving limited media attention. He also vowed to reduce administrative barriers for projects that increase domestic output and strengthen market stability.
As the government pushes forward, Iraq Economic Growth remains the main driver of its industrial strategy. Officials believe stronger local production will shield Iraq from market fluctuations and support long-term development plans.
