Al-Sudani chairs a meeting to localize Iraqi industries and attract foreign investments, 22 MAY

Al-Sudani chairs a meeting to localize Iraqi industries and attract foreign investments

Shafaq News/ On Monday, Prime Minister Muhammad Shiaa Al-Sudani chaired a meeting of the Iraq Fund for Development, in which steps were approved to localize industries, attract foreign investments, and strengthen several industries in the fields of cars and electronics, as well as solutions to the housing crisis.

The Prime Minister’s Media Office said, in a statement received by Shafaq News Agency, “Prime Minister Muhammad Shia al-Sudani chaired, today, Monday, the third meeting of the Board of Directors of the Iraq Fund for Development, in the presence of the Minister of Finance, and the Ministers of Planning, Construction, Housing, Municipalities, and Public Works.”

He pointed out that “the meeting witnessed discussion of the projects placed on the Fund’s work plan, the introduction of foreign investments into the Iraqi economy, and within the course of work of the Fund’s projects and targeting the localization of various industries in Iraq. The requests submitted by private sector entities for the purpose of building school buildings were discussed, as the requests exceeded What is offered for the project in its first phase.”

He added, “The meeting discussed a project to establish a factory for manufacturing passenger buses, in partnership with one of the specialized international companies, and also discussed a request to establish a factory for electronic tablet computers and use them in schools within the educational and pedagogical process.”

He pointed out that “the meeting discussed the issue of partnerships with American, British, and Saudi companies in the fields of modern irrigation technologies, and the use of technology in this context, as well as in the field of liquefying industrial gases, and lighting roads and bridges.”

He concluded by saying, “The meeting also discussed setting the dates allocated for launching the (Rent and Own) project, for the purpose of contributing to developing practical and economic solutions to the housing crisis.”

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