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Prime Minister: We seek to export our products abroad
The first 12/03/2023
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Baghdad: Muhammad Al-Ansari
Prime Minister Muhammad Shia Al-Sudani reaffirmed the government’s work methodology in establishing economic partnerships and industrial cities with neighboring countries, and while he indicated that Iraq has the natural resources to establish a sustainable and advanced industry, he stressed the government’s endeavor to achieve an industry that exports its products outside Iraq.
Yesterday morning, Saturday, the Prime Minister sponsored the “Industrial Partnerships Forum,” which began in Basra Governorate and will last for two days.
In a speech he delivered during the forum, Al-Sudani praised “the efforts of the Ministry of Industry in preparing to hold this forum, which comes after the petrochemical and mining industries conference, which resulted in the completion of investment opportunities in contracts exceeding 9 billion dollars.”
He also praised the "broad participation of the private sector," stressing that "the forum is a platform for meeting investors who are serious about investing in existing opportunities, whether in partnership with the government sector or through investment opportunities, in accordance with the Investment Law."
During the forum, the Prime Minister announced, "He chairs (the Private Sector Development Council) in his permanent capacity, which emerged from (the National Strategy for Private Sector Development 2014-2030), which was approved this year, as a clear message to support and develop the private sector."
He said in the dialogue session during the forum: “Changing the state’s mono-economic philosophy is achieved by supporting the agricultural, industrial, commercial and tourism sectors,” adding that “we have natural resources to establish an advanced sustainable industry that meets the needs of the local market and can export its products abroad.”
He stressed by saying: “Iraq cannot remain a consumer market for imported materials and goods,” and pointed out that “investing in human capital and providing it with skills, training, and capabilities is one of the most important goals of the government,” stressing that “the time has come for our economy to be linked to the global economic cycle and to establish a base.” Strong industrial stability.
He stated that “the percentage of contribution to the total industrial production is still led by government general industrial companies,” stressing “the need for the private sector to contribute to industrial production for the food, pharmaceutical, construction, and mining industries.” He added, “We suffered a lot from commercial partnerships that harmed companies.” Government, and there are successful partnerships that contributed to adding production lines and qualifying workers.”
He pointed out that "the government worked within a year on practical procedural steps, including establishing the (Iraqi Development Fund), which establishes a sound investment environment for the private sector. We started with a capital of one trillion dinars, and it will increase by 2024. The capital of the Industrial Bank was increased, for the first time." “I once provided sovereign guarantees for investment in the private sector,” noting that “the private sector has opportunities to partner with the government industrial sector or invest in industrial fields through existing opportunities.”
Prime Minister Muhammad Shiaa Al-Sudani inspected the Al-Faw Grand Port project on the ground, and followed up on the progress of the work carried out in it.
During his visit to Basra, yesterday, Saturday, the Prime Minister laid the foundation stone for the rehabilitation and construction project of the second corridor of the (Basra-Faw) road.
Al-Sudani reviewed the details of the project and the time frames for its completion, and confirmed that the government raised the slogan of services. Due to the urgent need of citizens for it in various sectors, he pointed out that the (Basra-Faw) road will end the suffering of the people of Al-Faw district as a result of the poor quality of this road. The Prime Minister directed the implementing company to adhere to the time frames and adhere to the required specifications, in accordance with the prepared plan.
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