Australia will make an initial investment of $2.5 billion in Iraq’s agriculture sector, according to a report from AKnews.

Lyndall Sachs (pictured), Australia’s Ambassador to Iraq, made the statement during a joint press conference with Wasit Governor, Mahdi al-Zubaidi.

The government will start with soil reclamation projects in Wasit, Dhi Qar, and Diwaniya provinces, and the Ambassador reportedly said the initial calculations show that the projects require investment of $2.5 billion, most of it in Wasit province which has vast agricultural lands.

(Source: AKnews)