Sudanese calls on the private industrial sector to invest in raw materials available in Iraq, 24 MAY

 Sudanese calls on the private industrial sector to invest in raw materials available in Iraq

5/23/2024

Tuesday, Prime Minister Muhammad Shiaa Al-Sudani called on the Iraqi private industrial sector to invest in the raw materials available in the country.

This came during the launch, in Najaf Governorate, today, of the executive works on the Iraqi Diyar Glass Factory project.

The project is the first to be implemented in accordance with the sovereign guarantees approved in the budget, and in cooperation between the Trade Bank of Iraq (TBI) and the German Export Bank. It also represents the most important forms of cooperation between Iraq and Germany, the foundations of which were laid during His Excellency’s visit to the German capital, Berlin.

Al-Sudani stated that this factory is being implemented in an industrial city by an investor who is responsible for providing all services. The industrial city is also preparing to embrace industrialists and provide land and services, which is a feature that we aspire to be implemented in all governorates.

He pointed to the new project, which is the first to produce glass, with a capacity of 800 tons per day, which means 25% of the local market’s need. The factory will rely on silica available in Iraq, stressing the availability of many raw materials that have not been invested. He also directed the necessity of implementation according to the plan and schedule. Timeline.

The Prime Minister affirmed the government’s support for the private sector, and the provision of guarantees for all priority projects, especially the housing and construction sector, which represents a large demand for construction materials, indicating the country’s need to triple the existing factories for coverage.

Al-Sudani called on the serious private sector to invest in this important opportunity, as the government continues to remove obstacles and bureaucracy, as this path will provide real job opportunities, and larger industries will settle in this city and other industrial cities.  LINK

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The Big Bopper:  Hi KTFA Family, Does this represent the first project to start from the 2024 budget schedules? IMO, it sure reads like that….. on Wednesday’s CC, Frank asked if we could produce an article that showed the new sovereign guarenteed contracts at work from the 2024 budget schedules, if im not mistaken, this looks like the first!!

 Am I wrong on this, my opinion mistaken? Please anyone that has an opinion or can clarify this articles meaning, other than the very clear and obvious words in it, we should see something soom? Thanks Clare for this!   Thank You kindly, The Big Bopper

 Clare:  IT'S A GREAT ARTICLE...VERY TELLING. SUDANI IS GETTING IT DONE! HE IS A GREAT LEADER FOR IRAQ IMO

The project is the first to be implemented in accordance with the sovereign guarantees approved in the budget,

THAT'S EXACTLY WHAT IT SAYS!