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Advisor to the Prime Minister: We look forward to an effective entrepreneurial society
Economical 10/01/2023
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Baghdad: Hussein Thaghb Al-Tamimi
Adviser to the Prime Minister, Hussein Flamers, stated that the “Riyada” initiative was able to train 5,000 young people within 60 days, pointing out that funding has not been released yet, in order to focus on training. Flamers said, during the launch of an alliance between institutions interested in business development: The “initiative” "Riyadah", which was launched by the government and with the support of Prime Minister Muhammad Shiaa Al-Sudani, emphasized training, then we launched a business incubator for follow-up, after that we introduced economic feasibility and then financing.
He added to “Al-Sabah” that our goal is to provide an nurturing environment for everyone, because we are looking for an entrepreneurial community, not just one entrepreneurial person, but rather we are working to train an entire generation, indicating that the challenges facing us are regarding society’s view of “entrepreneurship,” as we look forward to restoring confidence between youth and institutions. To create the appropriate atmosphere.
As for Mujahid Al-Waisi, CEO of Capta, which organized the ceremony, which was organized in cooperation with Giz and under the supervision of the European Union, he said: This alliance was announced with the aim of financing a number of pioneering projects in Iraq, as well as improving the business environment, pointing out that this comes as a continuation of the “Riyada” initiative, which It was launched by Prime Minister Muhammad Shiaa Al-Sudani, aiming to stimulate the business environment and finance a number of pioneering projects in addition to training. He pointed out that the alliance is moving towards creating a new business scene in Iraq and contributing to the development of future strategies that benefit the national economy, noting the need for the private sector to be able to form emerging companies that contribute to developing the economy and providing job opportunities.
Al-Waisi highlighted the importance of integration between entrepreneurs and government institutions, especially the pursuit of developing entrepreneurship to reach an integrated private sector and working with supporting institutions to overcome the challenges facing work. As for the representative of the German Embassy, Catherine Loeber, she indicated that the Iraqi economy has begun to witness positive movement, and here it is necessary to It focuses on small companies, which requires work to contain the challenges that confuse the reality of work and enter a new, better phase.
She stressed that continuing to develop the business environment requires greater cooperation from the government and companies operating in the Iraqi market.
In turn, the Iraqi business environment advisor, Ali Al-Hilli, told Al-Sabah: We worked to find a common language for all parties working in entrepreneurship, how everyone works and the extent of their contribution to supporting youth. He reviewed the challenges faced by entrepreneurship, most of which are present today, even though the investment scene has begun to grow and this requires that it be matched by organized work that produces entrepreneurs, pointing out that small initiatives from young people represent the basis for work as it develops and grows. He warned of the importance of forming a specialized institution that speaks on behalf of this sector in particular, stressing the importance of standing by some laws that do not serve this trend. Meanwhile, Director General Hussein Al-Bayati stressed that Iraq is full of opportunities, but the challenges are present and have an impact on the reality of work, pointing out that in In light of the availability of funds, the country needs regular rebuilding of the most important joints, especially since the Iraqi economy needs development at the general level.
Al-Bayati stated that containing the challenges requires harmony between entrepreneurs and the state, and that laws be supportive of business development, and it is also possible to benefit from international experiences.
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