ERBIL — The Chairman of the Kurdistan Board of Investment (KIB) has announced that eleven factories producing various agricultural products have been opened during the ninth cabinet of the Kurdistan Regional Government (KRG).

Dr. Mohammed Shukri, Chairman of the Kurdistan Investment Board, told BasNews on Sunday that significant attention has been given to the industry and agriculture sectors in the ninth cabinet of the Kurdistan Region government.

"We have licensed more than 55 factories, and we plan to increase the level of investment from 30 percent to 50 percent," he said.

"116 projects in the industrial sector and 17 projects in agriculture have been licensed," Shukri added.

He noted that eleven factories for various agricultural products have commenced operations, and food industry zones have been established.

"We have brought domestic products to the world market for the first time and sold farmers' products. The largest dairy factory, with a capacity of 120,000 liters, includes several feed factories, hospitals, whitening factories, and dairy cow breeding facilities," he explained.

He highlighted that the largest factory for cable production and manufacturing in Iraq and the region was opened in Erbil at a cost of $100 million, producing 80,000 tons of cable annually.

"If the factory operates in all three shifts, it will provide more than 750 jobs, which is another achievement of this cabinet," he concluded.