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Facilities to support the industrial sector
Economical 01/17/2024
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Baghdad: Al-Sabah
Yesterday, Tuesday, Hamoudi Al-Lami, Advisor to the Prime Minister for Industry Affairs and Private Sector Development, revealed facilities for establishing factories that include the provision of land and soft loans. While he indicated that Prime Minister Muhammad Shiaa Al-Sudani pays great attention to the industrial sector, especially the private sector, he stressed that Iraq is witnessing an industrial revolution.
Al-Lami said to the Iraqi News Agency (INA): “The Prime Minister pays great attention to the industrial sector, specifically the private sector,” pointing out that “The Prime Minister has directed, since assuming responsibility as prime minister, to provide many packages to support the private sector in all fields.”
He added, “Decisions were issued to grant facilities for establishing factories through the Agricultural Lands Authority, allocate the lands necessary to establish factories, and grant soft loans to investors, as well as to industrialists who wish to expand their industrial activity,” indicating that “Iraq is now witnessing an industrial revolution in every sense of the word.”
He explained, “Nearly two months ago, the Prime Minister formed a team to support the industrial sector by order of Diwani,” noting that “this team meets every week as a body of advisors and consists of 7 advisors in various sectors who look into the problems, obstacles, and means of support that the private sector needs.”
Al-Lami continued, “The private sector has now begun to feel, for the first time, that there is weekly follow-up from the Prime Minister in the field of supporting the private sector.”
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