Al-Sudani: Industry Is The Cornerstone Of Economic Recovery

Thursday, June 5, 2025  Economic Number of readings: 55  Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "Industry is the main pillar of economic recovery, which contributes to achieving sustainable development."

Al-Sudani said in a speech at the National Industry Day celebration at the headquarters of the Iraqi Federation of Industries: "Iraqi industrialists have proven their ability to innovate and face challenges."

The Prime Minister added: "After 2003, our country witnessed an ill-considered openness that reached the point of dumping and halted industry."

He continued: "Our industry today has entered the area of ​​self-sufficiency, and for the first time, the government has imposed sovereign guarantees for private sector projects, and we did not hesitate to issue any decision to protect the national product."

He stressed: "The private sector is a partner in facing challenges, and the Council of Ministers is ready to take decisions that go beyond product protection decisions, including preventing the import of competing materials. "

He said that the private sector is a partner in facing challenges, indicating that more than 34,000 industrial projects are covered by the guarantee.

He added that Iraq is an oil, industrial and agricultural country, pointing out that there is a challenge in the lack of control over ports, which has contributed to the entry of cheap goods that have affected local products.

The Prime Minister continued: We aim to transform our oil exports into high-value derivatives by creating an important and in-demand petrochemical oil industry for export. /End  https://ninanews.com/Website/News/Details?key=1231926