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Industry: 18,167 industrial projects that are suspended
Economy News - Baghdad
The Iraqi Ministry of Industry announced that 18,167 industrial projects have stopped working, while 140 factories work in companies out of a total of 227.
"The number of industrial projects operating as of 4/30/2019 amounted to 2248 industrial projects, while the number of fully-established industrial projects up to 30," ministry spokesman Mortada Al-Safi said in a statement reported by the official news agency "Waaa" and viewed by "Al-Iqtisad News". 4/2019 It reached 20415 industrial projects. "
Al-Safi pointed out that "taking several measures to address the problem of losing companies, restructuring and evaluation of existing production lines and developing those that are economically feasible, and that addressing the problem of angel inflation is through the activation of the Business Development Center."
He pointed out that "the time ceilings are related to the timing of the implementation of the approved industrial sector strategy until 2030, as it is planned at the end of the period that most public companies will switch to the private sector, except for the strategic industries that will remain linked to the state."
Speaking of the reasons for the stop of factories, Al-Safi said, "Most of the factories and factories were damaged and destroyed because of the entry of ISIS terrorist gangs in 2014, and the military operations that took place to liberate the areas occupied by these gangs."
A spokesman for the Ministry of Industry stated, "The Ministry has prepared plans and programs that are considered and targeted to rehabilitate the factories, factories and affiliated companies spread throughout the governorates during the coming years to improve and diversify the local production and develop the production process."
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