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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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    Maabar tweets in defiance of the law.. Who will stop the bleeding of industries in Kurdistan?

    Rocky
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    Maabar tweets in defiance of the law.. Who will stop the bleeding of industries in Kurdistan? Empty Maabar tweets in defiance of the law.. Who will stop the bleeding of industries in Kurdistan?

    Post by Rocky Sun 23 Jul 2023, 4:35 am

    Maabar tweets in defiance of the law.. Who will stop the bleeding of industries in Kurdistan?
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    Baghdad today - Sulaymaniyah
    The economic crisis in Kurdistan did not stop at the limits of cutting salaries and a decline in the standard of living only, but reached to include all sectors and chapters of life in the region, which remained dominant for several years over the security, political and financial scene in Iraq, until the industry in it became almost paralyzed a decade ago due to the accumulation of economic and political crises in it, and the flight of capital from it.
    And with the region entering the gateway to crises in 2013, coinciding with the cutting of the budget for it following political differences with the federal government in Baghdad, the industrial sector in it became one of the most affected sectors by recording a significant decline in its activity and performance.
    Like Iraq, the region relies heavily on imported goods, especially from Iran and Turkey, despite the presence of hundreds of small and large factories in the cities of Kurdistan.
    Close and lay off
    The head of the Statistics Authority in the region, Sirwan Muhammad, regrets the closure of hundreds of factories with the dismissal of dozens of workers from them with the emergence of the financial crisis and the decline in economic levels in it, in conjunction with the delay in the distribution of salaries.
    In an exclusive interview with "Baghdad Today", the head of the region's census revealed that there are about 600 large and medium factories that are in service, "the majority of which are specialized in foodstuffs, plastics and building materials, and they have more than 12,000 workers."
    He says, "The economic crisis and failure to distribute employees' salaries on time caused the layoffs of thousands of workers and the closure of hundreds of large and small factories, workshops and factories, pending an improvement in financial conditions."
    Treatments
    In turn, the economist Hiwa Rasheed reveals the closure of about 420 factories with the dismissal of more than 20 thousand workers in the industrial sector due to the economic crises that hit this sector in Kurdistan.
    Here, he means that the region faces an opportunity that can be described as a "mission" to activate the industrial sector and reduce dependence on the importer, the most prominent of which the economist defines as "imposing high fees on the imported product, and preventing the import of materials in the region that have an abundance that meets the needs of all citizens, as well as the industrial sector by facilitating the license for the investor and obliging ministries and government institutions to buy the local product."
    unofficial crossings
    Based on the statistics published on the website of the Ministry of Industry and Trade in the Kurdistan Regional Government, the factories were classified into ten categories, which are "construction industries, food industries, spinning and weaving, metallurgical, chemical, plastic, cellulosic industries, equipment and tools factories, furniture and services."
    The ministry's data indicates that the factories established in recent years were 74 for plastic industries, 66 for food industries, 60 for construction industries, 57 for metal industries, 50 for furniture, 44 for chemical industries, 39 service factories, 29 cellulosic industries, as well as three hardware and tools factories, and two spinning and weaving factories.
    Specialists believe that the main reason for the inactivity of the industrial sector in Kurdistan is due to the existence of unofficial crossings that provide facilities for the entry of imported goods into the cities of Kurdistan.
    And the Ministry of Industry and Trade in the regional government announced earlier in the day the start of establishing three advanced industrial zones in Kurdistan, while indicating that its "ambition" exceeds this number.
    The ministry's advisor, Fathi Muhammad, said, "The region's plan includes the establishment of 11 advanced industrial zones in various regions of Kurdistan, but the costs of establishing these regions require huge budgets, and for this reason, three of them will be established this year."
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