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Al-Sudani directs the formation of a committee to prepare lending mechanisms for industrial projects
Second and third 12/18/2024
Baghdad: Al-Sabah
Yesterday, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani directed the formation of a joint committee to prepare lending mechanisms for industrial projects.
A statement from his office, received by Al-Sabah, stated:
“Within the framework of government efforts aimed at supporting industrial projects, in a way that contributes to
achieving sustainable development,
strengthening the national economy, and
increasing job opportunities, the
Prime Minister issued a directive to form a joint committee of relevant authorities, which was responsible for preparing lending mechanisms.” Industrial projects, and the necessary controls to determine the amounts of reserve and redemption of the guarantees provided for those loans.” He added,
“The Cabinet’s approval of the committee’s recommendations was issued on December 9, 2024,” pointing out that
“the new instructions included
implementing the Prime Minister’s directives to provide loans with reduced interest and easy terms, with the aim of
facilitating the establishment of new industrial projects, in
cooperation with the main government banks.” To ensure financial support for investors in the industrial sector. He explained,
"The government aims for the private sector to have a prominent and influential role in supporting industrial projects, by increasing its investments in this field, to establish and operate factories and develop new ideas that meet the needs of the local market, with the importance of bringing expertise and modern technologies from specialized international companies," noting. He pointed out that
"the government seeks practically and effectively to achieve the goal of developing industrial projects with environmental sustainability, and supporting society through social responsibility programs to which companies and factories are committed." He continued,
"The government affirms its continued endeavor to enhance cooperation with the private sector, leading to a comprehensive industrial renaissance that brings benefits to both sides, and to the national economy in general."
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Second and third 12/18/2024
Baghdad: Al-Sabah
Yesterday, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani directed the formation of a joint committee to prepare lending mechanisms for industrial projects.
A statement from his office, received by Al-Sabah, stated:
“Within the framework of government efforts aimed at supporting industrial projects, in a way that contributes to
achieving sustainable development,
strengthening the national economy, and
increasing job opportunities, the
Prime Minister issued a directive to form a joint committee of relevant authorities, which was responsible for preparing lending mechanisms.” Industrial projects, and the necessary controls to determine the amounts of reserve and redemption of the guarantees provided for those loans.” He added,
“The Cabinet’s approval of the committee’s recommendations was issued on December 9, 2024,” pointing out that
“the new instructions included
implementing the Prime Minister’s directives to provide loans with reduced interest and easy terms, with the aim of
facilitating the establishment of new industrial projects, in
cooperation with the main government banks.” To ensure financial support for investors in the industrial sector. He explained,
"The government aims for the private sector to have a prominent and influential role in supporting industrial projects, by increasing its investments in this field, to establish and operate factories and develop new ideas that meet the needs of the local market, with the importance of bringing expertise and modern technologies from specialized international companies," noting. He pointed out that
"the government seeks practically and effectively to achieve the goal of developing industrial projects with environmental sustainability, and supporting society through social responsibility programs to which companies and factories are committed." He continued,
"The government affirms its continued endeavor to enhance cooperation with the private sector, leading to a comprehensive industrial renaissance that brings benefits to both sides, and to the national economy in general."
[You must be registered and logged in to see this link.]
