3 days ago
Al-Sudani reaffirms Government Support for the Iraqi Industrial Sector to Boost Production and Reduce Unemployment
Baghdad-INA
Prime Minister Mohammed S. Al-Sudani inaugurated today, Saturday, the factories of the United Arab Company for Food Industries Ltd., located in Al-Mahmoudiya District, south of Baghdad, along the main highway.
Prime Minister's media office said in a statement received by the Iraqi News Agency (INA):" Al-Sudani toured the company's facilities, including its factories and administrative departments, and met with its workers,he listened to a detailed briefing on the company's products and production level, which represents the first phase of operations, as well as the challenges faced."
Prime Minister Al-Sudani praised," the efforts of the company's leadership and employees, affirming the government's readiness to provide all necessary services and facilitation to move into the second phase of expansion and production. He commended the factory as a model project implemented to modern standards and emphasized the importance of supporting successful private sector ventures in establishing advanced production lines, noting that the private sector is a true partner in advancing the national economy."
The completed first phase includes factories for pasta and noodles, built on 20% of the total area of 123 dunams. The total investment amounts to 128 billion Iraqi dinars. The company plans to increase its workforce to over 1,000 employees and aims to supply the local market while also considering export offers to neighboring countries.
Key Highlights from the Prime Minister's Remarks:
These factories currently employ 800 workers who receive entitlements similar to public sector employees—this is the true meaning of partnership in confronting challenges.
The private sector contributes to solving societal problems, including addressing unemployment.
The unemployment rate has decreased to 13% due to the expansion of the private sector, especially following the enactment of the Retirement and Social Security Law, which equalized benefits between private and public sector workers.
The government continues to address laws and regulations that may hinder private sector operations.
Private sector representatives participate in every session of the Economic Ministerial Council and are involved in proposals and decision-making.
The private sector needs state support in completing infrastructure to launch projects.
The government is committed to supporting domestically manufactured goods by subsidizing 18% of the product value for export purposes.
Citizens take pride in products labeled 'Made in Iraq,' which undergo testing and quality control.
Domestic production generates significant cash flow and contributes to job creation.
The Iraqi industrial sector must be encouraged to take the lead in enhancing and expanding production, and the government will provide the necessary support.
Iraqi factories today are equipped with the latest machinery and technologies, marking a significant industrial revival.
The government's responsibility is to regulate, support, and prepare the appropriate groundwork—while the private sector must lead in work and production.
