PepsiCo has signed new agreements with two Iraqi partners to expand food and beverage production, strengthen agricultural supply chains, and create more jobs across Iraq.
The deals were announced during the U.S.-Iraq High-Level Business Summit in Washington, which was organized by the U.S. Chamber of Commerce. They build on PepsiCo’s long-standing partnerships with Baghdad Soft Drinks Company (BSDC) and Green Iraq Company (GICO).
Under the agreement with BSDC, PepsiCo plans to increase annual beverage production capacity to more than 250 million cases. This will help maintain Iraq’s position as one of PepsiCo’s key manufacturing and bottling hubs in the Middle East.
The expansion is expected to create new jobs in manufacturing, engineering, logistics, and distribution. It will also provide training and technical development opportunities for Iraqi engineers and technicians.
A separate agreement with GICO focuses on boosting food production and improving agricultural productivity. The project will introduce modern irrigation systems and advanced farming techniques to help local farmers increase crop yields and improve sustainability.
PepsiCo said the initiative will also strengthen domestic supply chains by increasing local sourcing and supporting Iraqi farmers as they grow their businesses.
The agreements were part of a broader series of investment announcements made during the summit, where American and Iraqi companies unveiled new partnerships in sectors including energy, banking, aviation, infrastructure, and manufacturing.
Baghdad Soft Drinks Company has worked with PepsiCo for more than 40 years. The agreements were signed on behalf of BSDC and GICO by major shareholder Tarek Al Hassan.
The investment highlights growing interest from international companies in Iraq’s consumer goods sector as economic reforms, improving business conditions, and increased private-sector activity continue to attract foreign investment into the country.
