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[size=36]Made in Iraq.. New factories in Basra to encourage local production[/size]
Economie| 05:43 - 08/08/2021
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Baghdad - Mawazine News
In an effort to reduce dependence on imports, Iraq opened five factories in the southern city of Basra last Friday, to produce items for daily needs that were usually bought from abroad.
Iraq, with the help of local investors, is trying to move away from importing and towards local manufacturing of products such as plastic, pipes and detergents, which are produced by Iraqis in local factories.
The aim of this step is to encourage the Iraqi manufacturing industry, a sector that has suffered major setbacks since the US invasion of Iraq in 2003 and the war against ISIS in 2014.
One of the new factories produces refractory bricks, a basic building material used in building homes. Imported from Kuwait, Jordan, Saudi Arabia and Iran.
Haider Shaker, Managing Director of Al-Deir United Group of Companies, said: "This material used in the construction of housing units was imported from Kuwait, Jordan, Iran and Saudi Arabia to Iraq to meet the construction needs of housing units. Today, thanks to the decisions of the Council of Ministers, and the support of the local Iraqi investor and producer. It prevented this product from entering Iraq, and therefore encouraged the Iraqi investor to produce this product in a way that meets the market need, employs manpower and provides hard currency.
Muthanna Al-Tamimi, an investor and owner of Al-Dair Group, says: "Today, with the legalization of the importer and the placement of controls on it, this gives an impetus and permanence to the local product to rise in front of this imported product and enhances the confidence of the citizen and the user. Therefore, everyone is proud to see a product written on it, "Made in Iraq", after the absence of these long periods.
In a conference held on Friday (August 6) under the supervision of the National Investment Commission, Iraqi investors pumped investments amounting to about seven billion dollars.
In an effort to reduce dependence on imports, Iraq opened five factories in the southern city of Basra last Friday, to produce items for daily needs that were usually bought from abroad.
Iraq, with the help of local investors, is trying to move away from importing and towards local manufacturing of products such as plastic, pipes and detergents, which are produced by Iraqis in local factories.
The aim of this step is to encourage the Iraqi manufacturing industry, a sector that has suffered major setbacks since the US invasion of Iraq in 2003 and the war against ISIS in 2014.
One of the new factories produces refractory bricks, a basic building material used in building homes. Imported from Kuwait, Jordan, Saudi Arabia and Iran.
Haider Shaker, Managing Director of Al-Deir United Group of Companies, said: "This material used in the construction of housing units was imported from Kuwait, Jordan, Iran and Saudi Arabia to Iraq to meet the construction needs of housing units. Today, thanks to the decisions of the Council of Ministers, and the support of the local Iraqi investor and producer. It prevented this product from entering Iraq, and therefore encouraged the Iraqi investor to produce this product in a way that meets the market need, employs manpower and provides hard currency.
Muthanna Al-Tamimi, an investor and owner of Al-Dair Group, says: "Today, with the legalization of the importer and the placement of controls on it, this gives an impetus and permanence to the local product to rise in front of this imported product and enhances the confidence of the citizen and the user. Therefore, everyone is proud to see a product written on it, "Made in Iraq", after the absence of these long periods.
In a conference held on Friday (August 6) under the supervision of the National Investment Commission, Iraqi investors pumped investments amounting to about seven billion dollars.
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