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The Council of Ministers approves the economic reform law legislation
The first 04/08/2023
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Yesterday, Friday, the Minister of Industry, Khaled Battal Al-Najm, counted the stopped factories in the country, announcing that the Council of Ministers had obtained approval to legislate a law under the name of economic reform.
Al-Najm said, during a press conference, that "certain steps known to all have been taken in dealing with some contracts, and we have a review of all partnership contracts, which amount to 177 contracts at the ministry's headquarters, in addition to stopping some contracts and trying to treat some of them and referring some of them to the Inclusion Committee due to the existence of a waste of money." general".
He added, "The ministry works within a clear government program, and we adopt strategic industries in Iraq represented in iron and steel, fertilizers, petrochemicals, medicines, sulfur, phosphates, and electrical industries represented by transformers and electric cables."
And between, "As for other detailed industries, we leave room for the private sector to grow, especially as it is important in bringing about a shift in Iraqi industries, and the Ministry of Industry is not only concerned with government industries and companies, but rather sponsors, supports and cooperates with the private sector, but rather offers it over public companies in many cases." detail industries. He pointed out that "the stopped factories amount to 104 factories, most of which cannot be worked in because they are obsolete and outside the default age, as most of them are from the sixties and fifties," noting that "some factories started working in them in the fifties, but they are still working, including the Babylon Cement Factory, which started work." In 1954, and Al-Rafidain Cement Factory in 1957. The star explained,
And the Minister of Industry continued, "Two weeks ago, we agreed in the Council of Ministers to work on legislating a law called (the Economic Reform Law). We take all the paragraphs from the various laws that have problems with implementation, and we try to put them in one law that goes to the House of Representatives to be legislated."
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