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Revitalization of industrial production supports regional and international markets
06/5/2018 12:00 am [rtl]Industry encourages domestic and foreign investment Baghdad / Hussein Thugb The industry represents the mainstay of economic life and the axis of maintaining the capital cycle within the country. It supports the federal budget by providing it with funds that are dependent on the local industrial effort, which requires plans and strategies that maintain the high level of the production level, in light of the availability of the market and the main elements of work. Deputy Chairman of the Baghdad Economic Forum Bassem Jamil Antoine said: "Industry represents the nerve of economic life and the main axis in the process of economic construction sound," pointing out that "Iraq can begin gradually in the development of the reality of industrial production in industries do not need major allocations, Covering a large proportion of the needs of the domestic market. " " Antoine said that" industries can make Iraq an economic bloc influential locally and internationally, from the abundance of raw materials whose products are essential elements of the world markets, which enables us to invest these opportunities and cooperation with international companies to promote industrial production, which benefits the great Iraq And international specialized companies. " Antoine warned that "Iraq can be a global industrial center by virtue of its geographical location, and has the ability to market quickly to the Western and eastern world, which stimulates the global industrial effort to be in economic cities can prepare for it." The wheel of economy The Minister of Industry, Mohamed Shiaa al-Sudani, stressed during his participation in the Fourth Economic Conference in Kurdistan, "the importance of encouraging domestic and foreign investment to advance the economy and development in Iraq and grant concessions and investment of mental capacity and the support of competent international institutions to reduce state expenses and regulate the collection of taxes and control of customs And encourage the industrial sector through the granting of industrial loans and the protection of national product and development and encourage investment and other measures that contribute significantly to push the economic wheel of the country to the front. Production Thousands of factories and manufacturing lines are out of work and others are operating at less than 10 percent of their production capacity; they are awaiting protection and moral and material support to be large productive areas covering a large proportion of the local market need. "The Iraqi market is a promising, large, diversified and attractive market for investment, with large national production, oil imports, abundant agricultural and water wealth, and large natural diversity from northern Iraq to the south." Iraqi capacity specialist for industrial affairs in Ahmed Al - Attar pointed out that "activation of industrial production domestically to achieve genuine economic discharge of , and can Nwcr in maintaining the capital cycle inside Iraq, and this strengthens Iraq 's financial capabilities of the provision of funds allocated for the import of products can be manufactured locally." Al-Attar pointed out that "the partnership between the public and private sectors is important in the activation of production," pointing out that "the existence of a partnership to promote the industrial production of local companies are pushing the international presence in Iraq and the role of this in creating industrial production is influential internationally and regionally, and here we achieve multiple financial revenues The country is enriching dependence on oil as a main source supporting the federal budget . " He said: "The natural and human resources available in Iraq can make Iraq the eighth economic tiger in the world," pointing to the importance of supporting the existing industries in petrochemical projects and the automobile industry and electrical industries .. " [/rtl] [rtl][You must be registered and logged in to see this link.][/rtl] |
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