Industrial projects and tax facilities

by **Rocky** Fri 31 May 2019, 5:43 pm

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Industrial projects and tax facilities

by Rocky Fri 31 May 2019, 5:43 pm

Industrial projects and tax facilities

Friday 31 May

Walid Khaled Al-Zaidi
Perhaps one of the most prominent economic achievements in today's world is the industrial development and revolution in the invention and discovery of the machine to replace the labor in many different manufacturing sites in the developed world, which increases the amount of production and improves the
Quality.
Iraq is one of the most important countries that sought to have the means of advanced work in the middle of the last century and founded on this path many factories and factories, including the production of light and medium devices, as well as other materials within the framework of an industrial stage
Developing countries.
However, the end of the last century witnessed the movement of industry limited to limited production sources, which the Ministry of Industry has taken note of these days, and gave the sector the attention it deserves, through the planning of the rehabilitation of approximately 130 factories and factories are parked in different provinces of the country, Job opportunities for the unemployed, product promotion
the local.
The process of expanding the plan was mainly based on the government program announced in the current year 2019, which started the Ministry of Industry to implement the mechanism of operation
Many of the factories with different production capacities at different rates between 15% and 100%
percent).
However, the ministry's actions in this context have pointed to many of the strong concepts and foundations for the future of the national industrial sector. Among these are: Iraq appeared to overcome many of the challenges and difficulties it faced by opening the way to reform an important part of the national economy, the industry sector, In the way of growth, as well as rid the country of dumping goods of industrial products from external factors of poor quality, which will restore confidence in the national product of the goods displayed in the local markets, and opening new outlets to meet the market need of different materials needed by the Consumed
Iraq.
This comes in addition to restoring the reputation of the Iraqi industry to its first era, especially iron and steel, machinery and heavy machinery and building factories with modern and sophisticated production lines, and the integration of skilled professionals in this field of engineers and skilled hands, with their expertise in various technical disciplines, With a view to building a system
Growing industry.
These measures need to be accompanied by driving factors, such as encouragement of the private industrial sector, coupled with tax facilities that can contribute to a progressive process of pioneering development projects and the establishment of a large national industrial renaissance that can compete with imported products. Reliance on goods and foreign goods that invade domestic markets are mostly of varying varieties in quality.
The restoration of confidence in the national industrial system through the rehabilitation of companies, factories, factories and governmental and private workshops and putting them in the right and natural way is an urgent economic necessity in the light of the government's orientations towards an open economy and diversity in its various sources away from relying on an element in itself and contributing to the establishment of a wide area of competition The fact that the local consumer is motivated to purchase local goods, especially as the government vision is moving towards participation with the private sector sober and technically capable, and the importance of its contribution to the success of investment plans. What national economy
Mounting.

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