A request to support "national industry" during the 2021 budget
Thursday 07 January 2021 138
Baghdad: Haider al-Rubaie
The Industrial Development and Investment Consultant, Amer Issa Al-Jawahry, stressed the need to give the industrial sector the utmost importance during the upcoming development plans,
and while he called for providing maximum support, facilities and exceptions to this vital sector, he expressed his surprise at the absence of strategic plans to support the national industry in the 2021 budget.
Al-Jawahiri’s calls coincided with the Minister of Industry and Minerals, Manhal Aziz Al-Khabaz, to take a set of decisions that would advance the reality of the local industrial sector,
as he emphasized “developing a clear mechanism, a real vision and a strategic study to improve the reality of companies in various aspects during the coming period,
as well as to set A scientific and practical plan, providing all facilities, supporting the private sector, and entering into partnerships and investments studied and successful.
Al-Jawahiri said during his speech to Al-Sabah that “the government and the country's economic policy makers should actually direct the implementation of major industrial projects, which depend on the available natural resources of oil and gas, because they contribute to the revitalization of various contracting work, such as the giant strategic project of Al-Nibras for petrochemicals.”
He pointed out that "this vital project, its place fluctuates, and it appears that it is not serious about its implementation, as it was touched with the utmost weakness in the proposed budget for 2021."
Al-Jawahiri expressed his surprise, "the lack of real seriousness, and the absence of interest in the reality of the industrial sector in the current budget," noting that
this comes "as a continuation of an unclear policy, where intentions are not enough, but professional actions are required."
The Industrial Development Adviser explained, "The expenditures paragraph in the budget referred to the phrase (the budget focused on giving a development boost to large projects such as the Faw port project, the suspended train, petrochemical projects and industrial cities), pointing out that
"this trend indicates a lack of interest in major industrial projects."
The consultant believes, "Iraq suffers from a major and continuous economic deterioration due to continued dependence on oil imports, lack of seriousness and capacity, and the absence of a real will for industrial development, and diversification of the economy by supporting all its productive sectors, public, private and mixed."