About Project

In 2021, Kingston led the development, throughout pre-feasibility, feasibility and bankable feasibility, legal-financial-technical structure, financing plan, and documentation, to develop the plant.

Overview

Iraq, having one of the more fertile lands in the region after Turkey, Syria, and Lebanon, only utilizes 18% of land for agriculture, out of which 8.4% is arable, 0.5% is used for permanent crops, and 9.2% for permanent pasture. Thus, there is significant opportunity for Iraq to better exploit its agricultural lands and produce more vegetables and dairy products for processing and packing.

As Iraq’s GDP and population grow, and as domestic production of glass becomes competitive, demand is expected to double in the next few years versus PET and cans.

A sales strategy is to be implemented in four phases, starting with medium-sized containers for carbonated soft drinks (CSD), beers, and juice, followed by short-sized containers for food, third, short-sized containers for pharma, and fourth, large-sized containers for still drinks, large juices, and large food bottles.

Based on market and sales priorities, the Manufacturing Plan establishes the CAPEX and OPEX requirements in order to satisfy demand and achieve revenue targets.