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BAGHDAD: Iraqi Oil Minister Hayan Abdel-Ghani said on Sunday he expects to reach an agreement with the Kurdistan Regional Government and foreign oil companies operating in the Kurdish region to resume oil production from the region’s oilfields within three days.
Abdel-Ghani said during a visit to Erbil, the capital of Iraq’s semi-autonomous Kurdistan, that Iraq has reached an “understanding” with Turkiye in relating to the resumption of northern oil exports through the Iraq-Turkiye pipeline
RIYADH: The Invest Saudi platform offers specialized opportunities with expected revenues exceeding SR30 billion ($8 billion), according to the National Center for Environmental Compliance.
In a statement, the center invited local and international investors to seize the listed opportunities and benefit from various incentives, ranging from administrative support to direct financing.
Saad Al-Zubaidi, executive director of business development, explained that this market size reflects the specialized nature of the environmental compliance sector as a supporting sector for all economic activities.
Sectors such as industry, energy, mining, construction, services, and infrastructure rely on it to comply with environmental regulations and enhance operational efficiency.
Incentive and financing packages
The center, in integration with various government entities, is working on developing comprehensive incentive packages for investors in the field.
These packages include direct financing tools, soft loans, and guarantee programs, in addition to regulatory and procedural enablers aimed at accelerating the investment cycle and reducing operational risks.
The payback period for investments starts from 4 years and does not exceed 7 years at most, according to the center.
The current market size stands at SR14 billion, according to Al-Zubaidi, who expects it to double within 5 years.
The market diversifies across fields including the manufacturing of pollution control systems, the manufacturing of air and water quality monitoring devices, soil and groundwater rehabilitation, and building specialized technical capacities in the environmental field.
Trend toward localizing environmental technologies
Al-Zubaidi confirmed that the announced opportunities have had their preliminary studies completed and are available for investors to review their details and to complete technical and financial feasibility studies according to various business models.
The focus is not limited to maximizing economic return but extends to localizing environmental technologies, transferring knowledge, and building local value chains capable of meeting the growing demand across various sectors.
