01-06-2025
PM Al Sudani inaugurates new food factories, touts private sector support & export incentives
Baghdad ( – Iraqi Prime Minister Mohammed Shia Al Sudani inaugurated new factories for the United Arab Food Industries Company Ltd. in Mahmoudiya, south of Baghdad, on Saturday (May 31, 2025), underscoring the government's commitment to bolstering the national industrial sector.
The Prime Minister toured the modern facilities, which in their first phase include pastry and pasta/noodle production lines, representing a 128 billion IQD investment and currently employing 800 workers, with plans to expand to over 1,000. Al Sudani praised the project as a successful private sector initiative, terming such entities 'true partners' in advancing the national economy.
He confirmed the government's readiness to facilitate further expansion and reiterated efforts to remove obstacles for private businesses. Crucially, Al Sudani highlighted a government commitment to support Iraqi-made goods for export with an 18% subsidy of the product's value.
'Domestic production will save significant foreign currency and create jobs,' Al Sudani stated, noting the private sector's role in reducing unemployment to 13%. He affirmed the government's role is to organize, support, and prepare the ground for the private sector to lead production.
