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An Iraqi-Saudi economic zone
The first 09/12/2023
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Baghdad: Rula Wathiq,
the Industrial Cities Authority announced the preparation of a study to establish a joint economic zone between Iraq and Saudi Arabia, at a time when all governorates were approached to allocate land to establish industrial cities that support youth.
Director of the Authority, Hamid Awad Muhammad, told “Al-Sabah”: “The Saudi side has a desire to establish a joint economic zone between the two countries,” noting that “the current time is witnessing the preparation of a study on this,” and he added that “it was announced earlier about the development of the economic city.” The joint venture between Iraq and Jordan by the Iraqi-Jordanian Company for Industry.
He stated that "the development of industrial cities is taking place in stages, and work is being done to lease them once the spaces are completed with infrastructure services," stressing that "the leasing of 105 partitions has been completed in Dhi Qar Governorate, and work is being done to complete 230 partitions in Anbar Governorate in 2024."
Muhammad explained, “The Authority is working to develop sustainable cities according to international construction standards, as approved standards have been installed in the development files of those cities, and others according to the type of industries and activities to be established in them.”
He pointed out, “Approaching all governorates to allocate lands with the aim of establishing industrial cities ranging in size from 300 to 500 dunams, in implementation of what was stated in the government curriculum and its plans to support the youth group and enhance their role in society and in line with state institutions carrying out their duties, and under the guidance of Prime Minister Muhammad Shiaa Al-Sudani to develop cities.” A service and industrial organization dedicated to accommodating craftsmen and small projects, in accordance with scientifically and technically approved specifications, as the state aims to employ the workforce and absorb unemployment for the purpose of reducing the financial burden on the general budget.”
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