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Making plans to manufacture an "Iraqi car"
Economic 2024/08/07
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Industry experts believe that Iraq has had experiences in assembling cars since the sixties of the last century, stressing the need to support this trend with the aim of reaching a comprehensive and integrated car industry.
They explained that the country after the year (2005) had successful experiences thanks to the good relationship between some private companies and the General Company for Car Manufacturing, which resulted in the assembly of certain types of cars.
The Ministry of Industry is talking about developing plans to produce Iraqi cars, in light of the existence of many ideas in this regard.
In turn, the Vice President of the ZESCO Group of Companies, Taha Baqir Al-Mashat, confirmed in an interview with “Al-Sabah” that Iraq is a country that consumes cars par excellence due to the lack of sufficient public transportation, which makes manufacturing cars inside Iraq (a successful industry) but with conditions represented by the existence of support for these industries in terms of (protecting the local product, the state purchasing these cars before the citizen, and soft loans).
He explained that if these conditions are met, Iraq will be a country capable of producing different types of cars from saloon cars to cars for different purposes.
Al-Mashat pointed out that the automotive industry in Iraq could absorb no less than (300 to 500) thousand workers, as it is one of the industries that constitute an (integrated) process between a large number of factories and different operations, including, for example, (the car body factory, the engine and gearbox factory, factories specializing in electrical appliances and others specializing in interior designs, in addition to tire factories, brake system factories, and the last stage is the assembly stage in a production line), not to mention storage and transportation operations, accompanied by sales operations and after-sales services that require the availability of spare parts from those factories, which makes their work continuous and feasible and absorbs many workers
.
Al-Mashat explained that the car engine industry can provide hard currency for the country, likening it to (money printing machines) if supported, stressing that it is a profitable industry, as the cost of cars is the cost of the material (iron and some other materials such as plastic, leather and rubber), and these raw materials do not cost one car more than ($3,000), noting that it is sold at the lowest estimates at ($12,000), which makes its total profits four times.
He explained that these profits from the car industry enter the country's economy in the form of (labor - taxes - net profits for companies), which makes it a sovereign industry that provides hard currency internally by reducing imports and dealing in (the Iraqi dinar), as most of its costs, including labor and others, will be in
Iraqi dinars.
For his part, the economic affairs expert, Imad Al-Muhammadawi, explained in an interview with “Sabah” the importance of studying this industry seriously, as it constitutes a significant source of income, as it is comparable to the oil industry, if compared to other industries, in addition to the possibility of absorbing the workforce and solving the unemployment problem, provided that there is a comprehensive study to find places for these factories, especially on the outskirts of cities.
Al-Muhammadawi stressed that the country can achieve self-sufficiency in this industry, and the possibility of exporting to neighboring countries if it is mastered and manufactured according to international standards, pointing out that the country can revive industries other than the automobile industry, especially since the country has experience in heavy industries since the sixties of the last century.
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