Home
The Parliamentary Economy reveals the factors that “thwart the Iraqi industry”: Granting what is above and below the ground for the benefit of the investor
Economy 2024-07-07 | 02:53
1,958 views
Alsumaria News-Economy
Deputy Chairman of the Parliamentary Economy and Industry Committee, Representative Yasser Al-Husseini, considered today, Sunday, that
the government and the Ministry of Industry are acting according to the “erroneous belief” that there are no Iraqi competencies to advance the industrial sector in Iraq,
which prompted them to offer production lines and factories, as well as underground mineral resources, to invest at high prices. meanness. Al-Husseini told Al-Sumaria News,
“The belief of the government and the Ministry of Industry that Iraqi competencies are unable to advance the industrial sector is completely false, and
there are Iraqi experiences and capabilities capable of advancing the sector with the best products and may compete with global industries.” He pointed out that
"successive mismanagement of the industrial sector led to these bad fateful results for this sensitive, vital and economic sector, and led to the issuance of notorious joint operating contracts, according to which many industrial production lines were sold as piles of scrap." He stated that
"the government agreement not to buy local products from these government factories and not to supply them and to implement the Iraqi Product Protection Law are what led to these fateful and disastrous results for the Iraqi industry." He pointed out that
"the Ministry did not limit itself to offering above-ground factories for investment in the hands of companies,
but rather went underground according to decisions that faced strong opposition in previous years by heading to grant underground resources of precious metals and chemicals, and granting them to Jordanian and American companies at the cheapest prices." He stated that
"one ton of sulfur amounts to $400, while
the government granted it to companies for $5 per ton, with
quantities in Iraq amounting to more than 500 million tons as explored storage on only 16% of Iraqi territory." He pointed out that
this and other measures and trends cast a shadow over the failure of industry in Iraq and the lack of a true vision, to the point that they became losing companies built on a narrow partisan basis and these companies went on to obtain government contracts outside of what this ministry manufactures.
https://www.alsumaria.tv/news/economy/493135/الاقتصاد-النيابية-تكشف-عوامل-إفشال-الصناعة-العراقية-منح-ما-فوق-الأرض-و
Economy 2024-07-07 | 02:53
1,958 views
Alsumaria News-Economy
Deputy Chairman of the Parliamentary Economy and Industry Committee, Representative Yasser Al-Husseini, considered today, Sunday, that
the government and the Ministry of Industry are acting according to the “erroneous belief” that there are no Iraqi competencies to advance the industrial sector in Iraq,
which prompted them to offer production lines and factories, as well as underground mineral resources, to invest at high prices. meanness. Al-Husseini told Al-Sumaria News,
“The belief of the government and the Ministry of Industry that Iraqi competencies are unable to advance the industrial sector is completely false, and
there are Iraqi experiences and capabilities capable of advancing the sector with the best products and may compete with global industries.” He pointed out that
"successive mismanagement of the industrial sector led to these bad fateful results for this sensitive, vital and economic sector, and led to the issuance of notorious joint operating contracts, according to which many industrial production lines were sold as piles of scrap." He stated that
"the government agreement not to buy local products from these government factories and not to supply them and to implement the Iraqi Product Protection Law are what led to these fateful and disastrous results for the Iraqi industry." He pointed out that
"the Ministry did not limit itself to offering above-ground factories for investment in the hands of companies,
but rather went underground according to decisions that faced strong opposition in previous years by heading to grant underground resources of precious metals and chemicals, and granting them to Jordanian and American companies at the cheapest prices." He stated that
"one ton of sulfur amounts to $400, while
the government granted it to companies for $5 per ton, with
quantities in Iraq amounting to more than 500 million tons as explored storage on only 16% of Iraqi territory." He pointed out that
this and other measures and trends cast a shadow over the failure of industry in Iraq and the lack of a true vision, to the point that they became losing companies built on a narrow partisan basis and these companies went on to obtain government contracts outside of what this ministry manufactures.
https://www.alsumaria.tv/news/economy/493135/الاقتصاد-النيابية-تكشف-عوامل-إفشال-الصناعة-العراقية-منح-ما-فوق-الأرض-و
