Following the highly successful investment in phase 1 of the DAP production manufacturing facility in 2021, AAA Holdings has announced that the 2^nd phase production line, which takes the capacity of the plant to its fully plan of 1 millions tonnes of Diammonium Phosphate production annually.

 

The new production line is currently in full construction and completion mode and is expected to come on line by the end of September 2023.

 

This 2^nd phase production line aligns with  further investment  from AAA Holding Group’s sister companies to mine phosphate in the western regions of Iraq. Overall, this increase in production and the securing of a localised source of raw materials is designed to reduce the dependency on imported raw materials and support the expanding need for food security in Iraq and further boosting the internal economy.

 

AHG is working closely with local Government officials and stakeholders to ensure that the new production facility meets all regulatory requirements and implements robust waste management and disposal procedure to minimise the environmental impact of the facility.   Iraq has a rich seam of phosphate reserves and these investments will create a sustainable, self-reliant,  agricultural ecosystem within the country.

 

Speaking to IBBC about these investments by AHG and its sister company Mr Amet Selman (CEO of AHG) outlined AHG’s holistic approach to strengthening Iraq’s agricultural sector. This considerable financial commitment underscores AHG’s long term vision of fostering growth, self sustainability and economic resilience in Iraq.