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[size=36]Industry launches new investment opportunities for various sectors[/size]
Local | 05:35 - 06/09/2024
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Mawazine News - Baghdad
The Ministry of Industry and Minerals announced today, Friday, that its revenues increased by 7.84 percent over the previous two years, while indicating that it has concluded partnership contracts in various fields and is seeking to transform some companies into profitable ones, noting that it has launched 30 new opportunities and is preparing to offer others next month.
The ministry's spokeswoman, Dhuha Al-Jubouri, said: "The number of formations affiliated with the Ministry of Industry and Minerals has reached 32 formations," indicating that "the General Company for the Manufacture of Southern Fertilizers in Basra Governorate is a profitable company, and in light of the steps taken by the ministry to implement reform plans and strategies to advance the industrial process in the country and in accordance with the government program, its revenues for the year 2023 increased by 7.84 percent over the previous two years."
She explained that "the ministry's vision aims to upgrade 6 companies (Al-Faris General, Al-Furat General for Chemical Industries, the General Company for Mining Industries, the Iraqi General Company for Cement, Diyala General Company, the General Company for Design and Implementation of Projects) and transform them into profitable companies within the next two years, in addition to following up on the work of the companies to improve their performance and production activity."
She pointed out that "the policy pursued by the Ministry of Industry and Minerals in the current phase of strategic industrial projects in various sectors includes announcing investment opportunities according to the principle of transparency and equal opportunities," noting that "the ministry held a conference on mineral, petrochemical and fertilizer investment, during which 30 investment opportunities were presented for the sectors of phosphate, fertilizers, petrochemicals, sulfur, glass, refractories and mining industries, in addition to geological survey opportunities and opportunities for the Central Committee for the Petrochemical Industry, in addition to holding a forum for industrial companies in Basra Governorate, during which 90 investment opportunities were presented in various industrial sectors."
She added, "The Baghdad International Forum for Industry and Mining will be held by the Ministry next month, and it is hoped to offer investment opportunities related to geological surveying and industrial cities."
She pointed out that "the number of participating contracts for rehabilitation and operation concluded by the public companies of the Ministry of Industry and Minerals with private sector companies amounted to 193 contracts, while the number of partnership contracts concluded between public companies and private sector companies amounted to 32 participation contracts," indicating that "there are investment opportunities for which the necessary approvals have been obtained to proceed with the contracting procedures and are being signed between the public companies of the Ministry of Industry and Minerals and private sector companies, amounting to 20 investment opportunities."
The ministry's spokeswoman, Dhuha Al-Jubouri, said: "The number of formations affiliated with the Ministry of Industry and Minerals has reached 32 formations," indicating that "the General Company for the Manufacture of Southern Fertilizers in Basra Governorate is a profitable company, and in light of the steps taken by the ministry to implement reform plans and strategies to advance the industrial process in the country and in accordance with the government program, its revenues for the year 2023 increased by 7.84 percent over the previous two years."
She explained that "the ministry's vision aims to upgrade 6 companies (Al-Faris General, Al-Furat General for Chemical Industries, the General Company for Mining Industries, the Iraqi General Company for Cement, Diyala General Company, the General Company for Design and Implementation of Projects) and transform them into profitable companies within the next two years, in addition to following up on the work of the companies to improve their performance and production activity."
She pointed out that "the policy pursued by the Ministry of Industry and Minerals in the current phase of strategic industrial projects in various sectors includes announcing investment opportunities according to the principle of transparency and equal opportunities," noting that "the ministry held a conference on mineral, petrochemical and fertilizer investment, during which 30 investment opportunities were presented for the sectors of phosphate, fertilizers, petrochemicals, sulfur, glass, refractories and mining industries, in addition to geological survey opportunities and opportunities for the Central Committee for the Petrochemical Industry, in addition to holding a forum for industrial companies in Basra Governorate, during which 90 investment opportunities were presented in various industrial sectors."
She added, "The Baghdad International Forum for Industry and Mining will be held by the Ministry next month, and it is hoped to offer investment opportunities related to geological surveying and industrial cities."
She pointed out that "the number of participating contracts for rehabilitation and operation concluded by the public companies of the Ministry of Industry and Minerals with private sector companies amounted to 193 contracts, while the number of partnership contracts concluded between public companies and private sector companies amounted to 32 participation contracts," indicating that "there are investment opportunities for which the necessary approvals have been obtained to proceed with the contracting procedures and are being signed between the public companies of the Ministry of Industry and Minerals and private sector companies, amounting to 20 investment opportunities."
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