Agricoltura
Strategic Partnership between Tiryaki Agro and IFC on IFC's 20th Anniversary in Iraq
This initiative marks the launch of a feasibility study for the establishment of Food and Feed Security Compounds (FFSCs) across Iraq . The project is designed to be one of the most comprehensive private sector-led efforts to strengthen the country's agricultural infrastructure and food security.
At this stage, the focus will be on feasibility studies and Environmental & Social (E&S) screenings in line with IFC Performance Standards. These assessments will be decisive in validating market demand, optimizing costs, and ensuring the program's long-term commercial sustainability.
Through this responsible approach, the project aims to:
The investment will be implemented in a phased manner with an initial phase exceeding $120 million and is part of a larger project worth several times that amount.
Tiryaki Agro has been a strong private sector partner in Iraq . In 2024, the company commissioned one of the country's largest agribusiness investments with its soy crushing and corn storage facility in Umm Qasr. With an annual production capacity of one million tons, the facility today supplies nearly half of Iraq's feed market. The company's 290-strong workforce, the majority of whom are Iraqi nationals, adds value through employment, technology transfer, and sustainable production.
This new collaboration represents a continuation of Tiryaki Agro's long-term commitment to Iraq and builds on the USD 112.5 million financing package arranged in 2023 by IFC, FMO, and Proparco for the Umm Qasr facility. With the FFSC program, the partnership is now being expanded to create an integrated, sustainable, and modern agricultural supply chain that will strengthen Iraq's food and feed security for the future.
With a 60-year history, Tiryaki Agro stands as one of the world's leading agricultural supply chain companies. Its unique global business model spans the entire supply chain, from certified seed production to field cultivation, storage, processing, logistics, trade, and reaching the end consumer. Tiryaki Agro provides nutritional solutions worldwide, committed to building a food future in harmony with nature. The company processes products sourced from approximately , particularly Türkiye, in on , of conventional and organic agricultural products to customers in annually. It operates in , including one owned port and three privately contracted ports. Since 2018, Tiryaki Agro has strengthened its global leadership by acquiring majority shares in Sunrise Foods International, one of the world's largest supply chain management company for organic feed and oilseeds.
Mustafa Alkan , malkan@mpr.com.tr +90 532 630 19 92
Aslıhan Atlı, aatli@mpr.com.tr +90 530 230 42 63
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