New investment map to save the economy: industrial and agricultural development to reduce dependence

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[size=52]New investment map to save the economy: industrial and agricultural development to reduce dependence on oil[/size]

[size=45]Economists have called for boosting investment in the industrial and agricultural sectors as a strategy to reduce reliance on the rentier economy in Iraq.[/size]
[size=45]Two economic experts stressed the importance of developing an investment map for industry and achieving sustainable agricultural development, as these are essential steps to address economic imbalances and diversify sources of income.[/size]
[size=45]Experts stressed the need to provide additional privileges and facilities to attract investors and stimulate economic growth in the country.[/size]
[size=45]Economic expert Wafaa Al-Mahdawi stressed the “necessity of developing a clear map for industrial investment in Iraq, where available industrial investment opportunities in the governorates are identified, in conjunction with improving the infrastructure and establishing new industrial zones that attract investment.”[/size]
[size=45]She stressed the "importance of directing investments towards governorates that suffer from high unemployment and poverty rates, through coordination between educational institutions and industrial projects."[/size]
[size=45]Al-Mahdawi added that “stimulating investment requires providing additional privileges to investors, and adopting incentives to encourage innovation in national industries, especially in the manufacture of national raw materials instead of relying on imports.”[/size]
[size=45]She pointed out the "importance of supporting the banking sector by providing soft industrial loans that contribute to financing industrial projects."[/size]
[size=45]For her part, economic affairs specialist Salima Hashem focused on “the importance of achieving sustainable agricultural development to optimally exploit agricultural resources.”[/size]
[size=45]She explained that “this requires distributing agricultural investments fairly among the governorates according to the relative advantages of each region, while facilitating the procedures related to allocating land, which is one of the most prominent obstacles to implementing agricultural projects.”[/size]
[size=45]Hashem stressed the “need to support agricultural research centers in the governorates and provide them with the necessary funding, while encouraging the private sector to participate in developing these centers.”[/size]
[size=45]In addition, it called for “improving water resources management by lining irrigation canals, reducing water losses, and using pipes in new projects to ensure resource sustainability.”[/size]
[size=45]Iraq is classified as a rentier economy that relies primarily on oil, making it vulnerable to global fluctuations in energy prices.[/size]
[size=45]Relying on a single source of income also weakens the economy’s flexibility and makes it unable to confront crises or achieve sustainable growth.[/size]
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