The first 12/05/2023
Baghdad: Haider Al-Jaber
The majority of experts and observers agree that two internal and external factors are behind the disruption of local Iraqi industry, despite successive governments pumping millions of dollars over the past years without a noticeable improvement at the market level.
A few days ago, the Ministry of Industry and Minerals launched the Industrial Partnerships Forum in Basra in the presence of Prime Minister Muhammad al-Sudani, as part of a plan to operate the ministry’s factories and laboratories.
The ministry’s media director, Duha Muhammad Saleh, explained to “Al-Sabah” that
“the forum comes within the ministry’s plan to operate old and stopped factories,” adding that
“most of the factories have stopped due to the end of their lifespan, and
we plan for these factories to enter into partnership with the private sector and with local successful investors.” Or Arabs or foreigners.” Saleh explained that
“during the forum, about 90 investment opportunities were presented in the presence of many investing companies and various industries, including food, textiles, petrochemicals and mining,” noting that
“the Ministry had previously organized a conference for factories during which many partnerships were signed with the private sector in the phosphate and petrochemical sectors.” Sulfur and fertilizers, and
the Ministry continues to study the offers to choose the best and most appropriate to bring modern and advanced lines and factories.”
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