Transforming the industry to mixed companies drives the economic cycle

Transforming the industry to mixed companies drives the economic cycle



6/10/2015 0:11

BAGHDAD joy pumice
in line with the orientations of the Ministry of Industry and Minerals to ask its enterprises to invest, the economic expert proposal includes converting industry companies to mixed joint stock companies to move the economic cycle in the country.
The ministry announced recently, heading to put 15 public company comprising various disciplines to invest in step confirmed that it aimed at resolving the associate salaries of the problem and the introduction of new production lines to laboratories those companies. conversion companies economist Jacob Shonia said «morning» the need to transform public companies to mixed companies involved, which means the partnership between government and the private sector system, the state reserves by certain, so that they are either private joint stock company or a joint venture if it exceeded the rate of 25 percent. He said Shonia that there is a difference between participation and privatization, as it means the privatization of public companies to fully private, in favor of the establishment of joint ventures being recorded successes in Iraq despite the stalled in the past recent, similar to public and private companies. As the need established according to the law of public companies for the year 1997, not in accordance with the formula put forward by the Ministry of Industry to move out, any deal the ministry with a group of shareholders to form a mixed contribution, which is a group of investors or shareholders who ENTERPRISES have surplus cash are buying stocks to contribute to moving the economic cycle in the country. infrastructure and in the medium and long term noted Shonia that this type of companies will see great success to the fact that the infrastructure exists and facilities list, but is experiencing some weakness in his introduction to the lack of liquidity and the purchase of materials and other facilities, indicating that the partner is required at this stage to promote these requirements from the creation of new lines and bring technology. He also stressed the lack of construction of new plants for the manufacture of the list, especially since the infrastructure of the plant exist for that importance lies in the partnership, urging the government to move in this direction , especially that these trends will witness the success of the 100 percent rate. open for investment for his part, stressed the director of investment department at the Ministry of Industry and Minerals Amir Abdul Razzaq in an earlier statement »Sabah», said the companies that will go to investment, are: «public batteries, Tobacco and cigarettes , and paper industries, oil, tire and rubber industries, as well as the Iraqi cement, in addition to the resilience and ur », noting that companies include also« the sugar industry, and Diyala, industries Sufi, and the pharmaceutical industry and medical supplies, and finally the State Company for Southern Fertilizer, Inc. South cement »He continued Abdul Razzaq: The« ministry is seeking to give those precious senior investment opportunities to investors, as well as international companies sober competent in order to contribute to the salaries of its members to secure seamlessly.


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The ministry announced recently, heading to put 15 public company comprising various disciplines to invest in step confirmed that it aimed at resolving the associate salaries of the problem and the introduction of new production lines to laboratories those companies. conversion companies economist Jacob Shonia said «morning» the need to transform public companies to mixed companies involved, which means the partnership between government and the private sector system, the state reserves by certain, so that they are either private joint stock company or a joint venture if it exceeded the rate of 25 percent. He said Shonia that there is a difference between participation and privatization, as it means the privatization of public companies to fully private, in favor of the establishment of joint ventures being recorded successes in Iraq despite the stalled in the past recent, similar to public and private companies.