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Industry seeks to launch 122 billion dinars to develop its companies
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The Ministry of Industry and Minerals announced on Sunday its intention to launch the bank assets frozen since 2003, amounting to 122 billion dinars, in order to develop local production and increase the production lines to cover the need of the market of goods and goods.
"The Minister of Industry, Eng. Mohamed Shiaa al-Sudani, presided over a meeting of the committee of the Economic Affairs Committee of the Secretariat of the Council of Ministers as a member of the general inspectors of ministries, Finance and water resources and industry, to discuss the mechanisms of releasing assets frozen banks since the ninth of April 2003, amounting to 122 billion dinars and belonging to the companies of the ministry.
"The meeting touched on the issue of facilities provided by banks before 2003, amounting to 21 billion dinars with interest, as well as the share of the Treasury of the profits of companies for previous years," explaining "the recommendation of the Committee to support the national industry and mitigate the procedures to claim companies losing their previous obligations of quotas Treasury of profits for years before 2013 ".
Al-Shammari added that "the recommendation also included not to exhaust the financial situation of companies and give them the opportunity to develop their business through the adoption of several options, including the launch of frozen bank balances and the establishment of positive points to serve the objectives of the ministry to activate its activity by providing financial resources to secure some production lines, In the national industry, with the need to adopt the companies of the ministry on their own capacity to develop their production lines.
[You must be registered and logged in to see this image.]
The Ministry of Industry and Minerals announced on Sunday its intention to launch the bank assets frozen since 2003, amounting to 122 billion dinars, in order to develop local production and increase the production lines to cover the need of the market of goods and goods.
"The Minister of Industry, Eng. Mohamed Shiaa al-Sudani, presided over a meeting of the committee of the Economic Affairs Committee of the Secretariat of the Council of Ministers as a member of the general inspectors of ministries, Finance and water resources and industry, to discuss the mechanisms of releasing assets frozen banks since the ninth of April 2003, amounting to 122 billion dinars and belonging to the companies of the ministry.
"The meeting touched on the issue of facilities provided by banks before 2003, amounting to 21 billion dinars with interest, as well as the share of the Treasury of the profits of companies for previous years," explaining "the recommendation of the Committee to support the national industry and mitigate the procedures to claim companies losing their previous obligations of quotas Treasury of profits for years before 2013 ".
Al-Shammari added that "the recommendation also included not to exhaust the financial situation of companies and give them the opportunity to develop their business through the adoption of several options, including the launch of frozen bank balances and the establishment of positive points to serve the objectives of the ministry to activate its activity by providing financial resources to secure some production lines, In the national industry, with the need to adopt the companies of the ministry on their own capacity to develop their production lines.
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