The Ministry of Industry determines the objectives of offering factories and factories to investment
Economie 10-6-2021, 14:33
Baghdad - conscious - Nassar al-Hajj
Today, Wednesday, the Ministry of Industry and Minerals announced that it is offering investment opportunities for factories and laboratories affiliated with its companies, noting its work on concluding partnership contracts.
In response to questions from the Iraqi News Agency (INA), the ministry's media office said, "The Ministry of Industry and Minerals presents investment opportunities for factories and laboratories affiliated with its public companies for investment, by preparing a list of opportunities available for these factories, which are announced successively upon completing their investment files and obtaining approvals. Fundamentalism on advertising them as investment opportunities.
He added that "entering into such partnerships with specialized international companies, private sector companies and investors with capital leads in turn to increasing the production capacities of these factories, modernizing them, covering the increasing demand for most Iraqi industrial products, adding new products with quality and standard specifications, employing more manpower and completely eliminating disguised unemployment."".
He continued, "The ministry is working, within its plans to advance the reality of industrial companies, to conclude partnership contracts with Arab and foreign companies by working in accordance with Article (15) of the Companies Law No. 22 of 1997, which allowed dealing with Arab and foreign companies and cooperation with the private sector.
To advance the Iraqi industrial reality and agree on a common formula to organize and facilitate the contracting process in accordance with the controls and laws in force, and in a way that contributes to attracting serious and successful private sector companies in accordance with the investment opportunities announced and available to the ministry’s companies, due to the need to enter new products within the internal system and the need to develop existing products that need to New knowledge and technology, adding new production lines, establishing new industrial projects, or settling important and vital industries that the country needs.
He pointed out that "the privatization policy that swept the countries of the world has become one of the important elements in the policy of economic reform, and the main factor that prompted some governments of developing countries to adopt the privatization policy is the financing problems resulting from realizing the deficit in the state's public budgets, and this option is decided by the higher authorities in the state and not There is nothing in this regard as far as the Ministry is concerned."