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Trade: Central markets {hypermarkets} to officially open in 2025
Iraq 2024/11/06
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The Ministry of Commerce will open central markets (hypermarkets) next year after adding durable goods and construction materials.
The official spokesman for the ministry, Mohammed Hanoun, told Al-Sabah: The ministry is continuing its efforts to achieve food security through several steps, including opening marketing outlets in Baghdad and the governorates, as well as establishing and rehabilitating the central markets that were dissolved under Resolution 128, referring them to investment, and establishing new markets called (hypermarkets) to meet the needs of citizens, as they differ from (supermarkets) in that they provide durable goods and construction materials, in addition to food products.
He added that the hypermarket projects will be officially opened during the coming year 2025 after adding durable and construction goods, because some of them are imported, but they will be launched and see the light during the current month through the ability of families to shop for food items through the (Key Card) with a 20 percent discount on local markets.
Hanoun said that the ministry is working to exploit its warehouses to preserve food basket items as a result of crises and the security and political challenges occurring in the world.
He stressed that the private sector has become the main partner in establishing these projects and providing basic food supplies to shoppers at wholesale prices in support of all segments of society.
He added that citizens can buy durable goods on credit for a period ranging from 3-5 years, or 5-10 years, indicating that there are six central markets in Baghdad, which are (Al-Shaab, Al-Salihiya, Al-Bayaa, Jamila, Al-Rusafa, Imam Ali in Sadr City), and currently the (Al-Dabash) markets have been opened in Al-Hurriyah City.
He stated that the ministry is concerned with the ration card as an added part to the ministry’s performance, and the instructions included in Law 37 are clear, with the ministry’s responsibility for managing 14 companies and departments, including those concerned with foreign economic relations and imports headed by the minister, with efforts to join Iraq to the World Trade Organization, develop and grow the private sector, and organize internal exhibitions.
And the foreign.
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