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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Small and medium enterprises in Iraq need $63 billion..Education is “separate” from the market need

    Rocky
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    Small and medium enterprises in Iraq need $63 billion..Education is “separate” from the market need Empty Small and medium enterprises in Iraq need $63 billion..Education is “separate” from the market need

    Post by Rocky Fri 01 Jul 2022, 5:21 am


    [size=30]Small and medium enterprises in Iraq need $63 billion..Education is “separate” from the market need


    2022-07-01
    [/size]
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    Yes Iraq: Baghdad

    Providing job opportunities and accommodating a large number of people of working age is one of the most important challenges facing Iraq. However, Iraq is witnessing a funding gap for small and medium projects amounting to about 63 billion dollars, meaning that there are small and medium projects and opportunities to build projects that need financing at a value of 63 billion Billion dollar .
    According to the report, there are about 230,000 small and medium projects, which is the lowest percentage of similar countries, as for example, small and medium projects in Egypt reach about 3 million small and medium projects, and the volume of funding for these projects exceeds the $3 billion barrier, according to economic researcher Manar Al-Obaidi.
     
    Al-Obaidi says that “a large part of the decline of these projects depends on the lack of registration of these projects in the first place, their lack of organization and the absence of the bodies financing these projects,” noting that “micro, small and medium projects are considered the most important influence in providing real productive job opportunities in Iraq, and they will contribute significantly. It will increase the GDP from different sectors and will reduce pressure on the public sector.”
    Al-Obaidi stressed that “Iraq needs to: 1- Organize the work of projects and facilitate their registration procedures, 2- Reducing taxes and wages on these projects for their sustainability, 3- Providing funding agencies capable of providing capital that contribute to the revitalization of these projects, 4- Providing money-generating projects Of the natural resources that contribute to creating more small and medium-sized enterprises that support these projects, 5- Raising financial inclusion, which will contribute to monitoring and developing the performance of projects and identifying bankable sectors, 6- Increasing the culture of business and the market and developing college curricula to be more linked to the labor sector and the market, 7- Connecting Universities have partnership contracts with the private and public sector to provide the knowledge required to enter the labor market, 8- Planning the commercial labor market and not overburdening the markets with similar businesses, which will increase competition and thus reduce project revenues.
     
    He added that "the small and medium enterprises sector and the ability to finance these projects is the most important sector in creating job opportunities, diversifying the Iraqi economy and reducing pressure on the government sector."
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