Discuss the implementation of the industrial strategy for converting a number of industries to the private sector
OCTOBER 13, 2015 0

The Ministry of industry and minerals discussed steps to begin implementing industrial strategy in Iraq until 2030, which aims to transform a number of industries to the private sector.

A Ministry statement said the Agency has received "economy" newsletter "that discussed steps to begin implementing industrial strategy in Iraq until 2030 prepared a specialized team from the Ministry and the private sector with the support of advisers, in addition to technical reference experts from the United Nations Industrial Development Organization [UNIDO] and the us Agency for international development and was approved in June of last year."

He noted that "this strategy written by EYAD Iraqi realistic view is part of a wider process of reform in Iraq and means to regulate the performance of industrial system in all its aspects, to include the industrial sector and the business environment and governance focuses on the development of the Iraqi economy on a path of development till 2030".

He said the strategy "consists of seven chapters and three stages the first short stretch for the period from 2014 until 2017 and the medium-term from 2017 until 2022 and long-term for the period from 2022 to 2030".

"Each of these stages include a series of paragraphs, and the actions that the Department adopted and implemented by the industrial sector with a view to enhancing Iraqi industry all the public and private sectors, and through the use of the international experiences, especially the Government sector owns nearly 73 industrial corporation with mixed sector consists of 23 industrial companies, as well as thousands of factories and small and medium-sized enterprises owned by the private sector."

The State seeks to focus under this strategy to keep some basic industries such as petrochemical, auto and iron and steel, aluminum, other industries management will shift to the private sector such as pharmaceutical and food industries, textile, electrical and other.