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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Parliamentary Economy Committee reveals factors of "failure of Iraqi industry": Granting what is abo

    Rocky
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    Parliamentary Economy Committee reveals factors of "failure of Iraqi industry": Granting what is abo Empty Parliamentary Economy Committee reveals factors of "failure of Iraqi industry": Granting what is abo

    Post by Rocky Sun 07 Jul 2024, 4:04 am

    [size=35][size=35]Parliamentary Economy Committee reveals factors of "failure of Iraqi industry": Granting what is above and below the ground to the benefit of the investor[/size]
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    Economy

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    2024-07-07 | 02:53
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    Alsumaria News - Economy

    Deputy Chairman of the Parliamentary Economy and Industry Committee, MP Yasser Al-Hussaini, considered today, Sunday, that the government and the Ministry of Industry are moving according to a "mistaken belief" that there are no Iraqi competencies to advance the industrial sector in Iraq, which prompted them to offer production lines and factories as well as underground mineral resources for investment at low prices.


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    Al-Husseini told Sumaria News, "The government's conviction and[url=https://www.alsumaria.tv/entity/3503033190/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9/ar/]The Ministry of Industry[/url]That Iraqi competencies are not capable of developing the industrial sector is completely wrong. There are Iraqi expertise and capabilities capable of developing the sector with the best products and may compete with global industries.



    He pointed out that "the poor management of the industrial sector by successive administrations led to these bad fateful results for this sensitive, vital and economic sector, and led to the granting of notorious joint operating contracts, according to which many industrial production lines were sold as piles of scrap."

    He explained that "the government agreement not to purchase local products from these government factories and not to support them and to implement the Iraqi Product Protection Law is what led to these catastrophic fateful results for the Iraqi industry." He

    pointed out that "the ministry did not stop at offering the factories above ground for investment in the hands of companies, but rather went underground according to decisions that faced strong opposition in previous years by moving to grant the underground resources of precious metals and chemicals, and granting them to Jordanian and American companies at the cheapest prices."

    He explained that "one ton of sulfur is $400, while the government granted companies $5 per ton, with quantities in[You must be registered and logged in to see this link.]It amounts to more than 500 million tons as an explored reserve on only 16% of Iraqi lands.”

    He pointed out that this and other measures and trends are what cast a shadow over the failure of the industry in[You must be registered and logged in to see this link.]There is no real vision, so that they have become losing companies built on a narrow partisan basis, and these companies go to obtain government contracts outside of what this ministry produces.
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