Exciting News: AstraZeneca Plans to Build Pharmaceutical Facility in Iraq
Great news for the Iraqi market as AstraZeneca, a renowned British-Swedish pharmaceutical company, is considering building a state-of-the-art facility in Baghdad. Hammoudi Al-Lami, the Iraqi Prime Minister’s advisor on industry and private sector development, disclosed this exciting development.
According to Al-Lami, AstraZeneca is exploring the possibility of establishing a manufacturing facility in Iraq or collaborating with local businesses to penetrate the market. This comes as part of a broader trend, with other companies such as US-based Baxter and businesses in the Gulf States showing interest in expanding their operations in Iraq.
Since Mohammed Shia Al-Sudani assumed office as Prime Minister in October 2022, significant progress has been made in attracting foreign investment. 18 factories have already begun construction, and the government has received 76 requests for new pharmaceutical facilities across various Iraqi governorates. Stay tuned for more updates on this promising development!
Source: Iraqi News
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