Iraq Reveals 90 Industrial Partnership Opportunities: A Step Towards Economic Diversification
In a significant move to bolster the Iraqi industrial sector, Khaled Battal, the Iraqi Minister of Industry and Minerals, has announced 90 opportunities for collaboration between Ministry companies and the private sector. The announcement was made during the first-ever Industrial Partnerships Forum held in Basra.
Strengthening Public-Private Partnerships
The Minister emphasized the government’s unwavering support for these partnerships. He highlighted the protection and assistance accorded to these collaborations, underlining the government’s commitment to fostering private-public relationships. This initiative forms a part of the broader efforts to strengthen and diversify the Iraqi industrial sector.
Industrial Growth and Economic Development
The announcement underscores the commitment to engage more deeply with the private sector to drive industrial growth and economic development in Iraq. These collaborative opportunities present a significant step towards achieving this goal.
Joining EBRD and Master Meter Partnership
In a parallel move, Iraq has become a shareholder of the European Bank for Reconstruction and Development (EBRD). This membership underscores a wider focus on sustainable finance and economic transformation. Additionally, Master Meter has partnered with Correct Equipment for distribution in the Pacific Northwest. This partnership aims to offer a complete line of water meters and AMR/AMI products, enhancing the availability of water measurement solutions in the region.
These developments send a clear message about Iraq’s intent to diversify its economy away from fossil fuels and towards a more sustainable future. The government’s commitment to fostering partnerships and collaborations is a promising sign for the future of Iraq’s industrial and economic growth.
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