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Wasit Industrial City to be handed over to Turkish company
Iraq 12/04/2024
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The Ministry of Industry is close to referring the industrial city project in Wasit Governorate to investment by a Turkish company, with an area of 5,000 dunums.
The Deputy Chairman of the Industrial Cities Authority at the Ministry, Riyadh Jassim Kazim, told Al-Sabah: The next few days will witness the signing of the contract with the Turkish company, noting that the project is distinguished by its strategic location, 40 kilometers from the city center and 35 kilometers from the Iraqi-Iranian border.
He added that the industrial city will include small and medium-sized environmentally friendly projects, which will enhance investment opportunities and sustainable development in the governorate.
He pointed out that the city's geographical location, which lies on the line linking Iraq and neighboring Iran, gives it great economic importance and makes it a strategic station for trade and industrial exchange, noting that this comes within the framework of efforts aimed at stimulating the national economy and providing new job opportunities.
Kazem explained that the Minister of Industry and Minerals announced the launch of a comprehensive plan to establish a number of industrial cities in various governorates, aiming to enhance local and foreign investment and develop the industrial infrastructure in the country.
He added that these industrial cities will be distributed in strategic locations, taking into account the availability of natural resources and economic needs of each governorate, and will include factories specialized in various sectors, such as heavy and light industries, food and petrochemicals, in addition to research centers to develop industrial technologies.
Kazem pointed out that the current government is working to facilitate legal procedures and provide investment incentives to attract international and local companies to invest in these projects, as they contribute to creating thousands of direct and indirect job opportunities, which will reduce unemployment rates.
Unemployment.
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