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[size=36]Al-Sudani confirms the unlimited support from the government to develop the success story in the private sector[/size]
Political | 10:29 - 09/05/2024
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Mawazine News _ Baghdad
Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani stressed the government’s unlimited support. For more job opportunities and private sector development.
His media office stated in a statement received by Mawazine News, that “the latter launched work on the Union Mills project to produce zero-grade flour in Babylon, and the sugar production factory expansion project is inaugurated, one of the private sector projects, to produce zero-grade flour locally, with a production capacity of up to one million tons annually.” ".
He also opened "the sugar factory expansion project at Al-Ittihad Company, after adding new production lines for sugar production, raising the factory's production capacity from (4,200) tons per day to (6,000) tons per day."
He also opened a vegetable oil extraction plant, a plant feed production plant, and a premix plant in the company.
Al-Sudani indicated, in his speech, that “this development is a success story in the private sector,” stressing “the unlimited support from the government for more job opportunities, as it currently accommodates approximately 4,000 opportunities within the company’s activities, in addition to increasing production.” Providing its surplus in the future for export outside Iraq.”
He called on businessmen and private sector companies to take advantage of the investment opportunities offered and the sovereign guarantees provided by the state through the three-year budget law, announcing the signing of an agreement with Japan to finance small and medium enterprises, amounting to $300 million, which will contribute to revitalizing and establishing the national industry.
Al-Ittihad Food Industries Company Limited in Babil Governorate is one of the largest industrial companies in Iraq, and includes six factories: Sugar refining plant, vegetable oil refining plant, vegetable feed production plant, soybean meal extraction plant, premix production plant, and yellow corn crushing and drying plant.
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