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Kuwaiti Investor Returns to Iraq with a Project of Date Palm Groves, Natural Reserve


yota691
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Friday, April 20,
 
 
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Alsumaria News / Basra
announced the investment in Basra Friday that a Kuwaiti investor has made progress in the implementation of an agricultural investment project to establish a large farm in a desert area, where he succeeded as a first step in the cultivation of more than 1,000 palm of class (Albrahi). 

The head of the body in the province Ali Jasp in an interview with Alsumaria News, "The project of agricultural investment implemented in a desert area west of Basra, the Kuwaiti businessman Abdul Aziz al-Babtain has reached an advanced stage, and the project is to establish a large farm," noting that " Planting more than 1,000 palm trees as a first stage, and plans to cultivate other species of new varieties, but it has difficulties in importing them. "

 

 

 

 


"The farm is dependent on irrigation on 14 artesian wells, and the farm is set to establish 1,650 plastic houses to grow some crops," he said. "The project, in addition to its economic importance, is of great environmental importance as it limits the phenomenon of desertification" . 

The investor Abdul Aziz Saud al-Babtain was born in the province of Basra in 1936, and graduated from the school of survival in the Zubair district, and then went to Kuwait to engage in the practice of trade to become one of the most prominent businessmen in the Gulf region , and is a well-known poet, The region has many honorary doctorates from universities including universities in Tehran, Algeria, Baku, Kuwait, Cordoba and Yarmouk.

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  • yota691 changed the title to Kuwaiti returns to Iraq at a date farm after 28 years of absence
 
Tuesday 22 May

 

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Alsumaria News / Baghdad

 

Kuwaiti investor Abdul Aziz al-Babtain looks forward to planting 100,000 palms of date palms and building a natural reserve for ostriches and deer in lands that were a battlefield of the Gulf War in 1991 and deep into the desert in southern Iraq .
 
Few Kuwaiti companies have resumed business in Iraq since Saddam Hussein invaded his neighbor in 1990 and then liberated Kuwait a year later.

 

 
The businessman, Babtain, is pumping $ 58 million into a date farm project in the southern Badia, about 150 km from the port of Basra , officials said.
 
He hopes to grow 100,000 palm trees in the next five to six years," Reuters quotedZia al-Shuraideh, al-Babtain's deputy in Iraq, as saying, adding that "dates will be sold first in Iraq and exported at a later stage. Palm".
 
Iraq once produced three-quarters of the world's production of dates, but now produces only 5 percent after decades of conflict, although it is home to about 350 species of date palm.
 
A banner in Al-Babtain's office showed that the businessman started working on the farm in the 1980s, but Iraq confiscated it after the invasion of Kuwait in 1990 and turned it into a military zone because of its proximity to the Kuwaiti border and dug trenches for heavy weapons.
 
The area was bombed by air strikes in the framework of the liberation campaign of Kuwait, but the authorities did not clean the trenches, leaving gunshots and parts of rusty tank towers close to the farm.
 
In an attempt to start a new page, Iraq returned the farm to Babtain and granted tax exemptions.
 

The farm has created about 50 jobs in this devastated area, and will need about 500 workers when palm production begins. In a second step, Babtain plans to create a nature reserve to import ostriches and deer, according to Shreideh.

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Kuwaiti Investor Returns to Iraq with a Project of Date Palm Groves, Natural Reserve

Tuesday, 22 May, 2018 - 08:30
 
 
reuters.jpg?itok=4ynxUVT8
Palm trees belonging to a Kuwaiti investor Abdul-Aziz al-Babtain are seen in the port city of Basra, Iraq May 11, 2018. REUTERS/Essam al-Sudani
Southern Badia (Iraq) - Asharq Al-Awsat
In a territory that witnessed the Gulf War in 1991, deep into the desert of southern Iraq, Kuwaiti Investor Abdul-Aziz al-Babtain is looking to cultivate 100,000 palm trees and build a natural reserve for ostriches and deer.
 
Few Kuwaiti companies have resumed business in Iraq since Saddam Hussein invaded his neighbor in 1990 and the liberation of the country a year later.
 
Abdul-Aziz Babtain, is dedicating $58 million into a date farm project in the southern Badia, about 150 km from the port of Basra, officials said, according to Reuters.
 
“We hope to have 100,000 (trees) in the next five to six years,” Reuters quoted Diyah Sharadeh, Babtain’s representative in Iraq, as saying, adding that the dates would first be sold in Iraq and later exported. So far 5,000 date trees have been planted.
 
A sign in Babtain’s office showed that the businessman started working on the farm in the 1980s, but Iraq seized it after the invasion of Kuwait in 1990 and turned it into a military zone because of its proximity to the Kuwaiti border.
 
In a bid to turn a new leaf, Iraq returned the farm to Babtain and granted his business tax exemptions, Reuters said.
 
“This will be the first private (date) investment project in Iraq,” said Ali Ghasseb, head of the Basra Investment Commission. “It was a farm, then became a battlefield and is now again a farm.”
 
According to the agency, the farm has created about 50 jobs in this devastated area, and will need about 500 workers when dates production begins. In a second step, Babtain plans to create a nature reserve to import ostriches and deer, Sharadeh noted, as quoted by Reuters.
 
Relations between Iraq and Kuwait remained tense even after Saddam Hussein was toppled in the US-led invasion in 2003, but they have improved since, with Kuwait hosting a donor conference to rebuild Iraq in February. But Kuwaiti companies are still reluctant to return, demanding guarantees that their activities would not be seized again.
 
According to Reuters, trade has picked up in recent years as foreign firms use Kuwait’s port to ship goods to Iraq due to its better security. Up to 200 vehicles cross the border at the Safwan post every day, an Iraqi officer said.
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