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Serious attempts to revive thousands of suspended factories
Economical 2023/06/10
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Baghdad: Nafeh al-Naji
There are thousands of private sector factories throughout Iraq that have been parked for twenty years, leaving hundreds of thousands of job opportunities wasted and billions of dollars pumped into random imports of inferior goods.
This year witnessed serious attempts to restore work in some of them and attract the Iraqi workforce after a clinical death that affected the private sector throughout the country.
Recent government trends to activate the joints of the national industry, from which those concerned discern a growing indicator of this field after registering more than a thousand new projects within the corridors of the Federation of Iraqi Industries.
A member of the Federation’s Board of Directors, Muhammad Abd Muhammad, said in an interview with “Al-Sabah”: “During the first quarter of this year, new projects were registered with us, the number of which exceeded a thousand projects. .
He added, "The total number of projects registered with us in the Federation of Industries exceeds 64,000 projects, but unfortunately most of them stopped during the past twenty years due to the wars and events the country witnessed that ravaged the public reality."
Muhammad pointed out that "the industrial movement is now witnessing a clear activity, and all indicators appear good for the return of the private sector to take its space and presence as an important sector and synonymous with building the country and covering its needs for goods
and services."
Economists believe that the private sector is more ready to enter the labor market, compete with importers, and provide various commodities required locally, if government support continues for this sector, in addition to its ability to alleviate the burden of the government and the public sector by attracting thousands of workers, providing employment opportunities, and providing hard currency.
The researcher in economic affairs, Amer Al-Mamouri, explained, for his part, that "the Iraqi private sector has the readiness and willingness to work and reach great and impressive results, and I expect that if support for it continues at this pace, the year 2024 will be the year of the private sector."
He added, "Although the previous governments were unfortunately hostile to the private sector through arbitrary and unjust measures, the current prime minister is the one who opened this outlet to support and revive the industrial sector in particular and national production in general, and we have achieved good results so far," as he put it.
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