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Clare » January 22nd, 2024
The Prime Minister’s advisor reveals the implications of the government’s vision to activate non-oil resources
1/22/2024
Baghdad – IA – Nassar Al-Hajj
Today, Monday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the contents of the government’s vision to activate non-oil resources in Iraq, and while he stressed that the Prime Minister will be the basic nucleus of the strategic partnership between the state and the private sector, he indicated that the economic reform law has made its way to Parliament for legislation.
Saleh said to the Iraqi News Agency (INA): “Prime Minister Muhammad Shia al-Sudani’s presidency of the Private Sector Council will be the basic nucleus for launching the principle of strategic partnership between the state and the private sector, with the aim of activating the country’s human and material resources and on foundations that serve the renaissance of Iraq in Diversifying its sources of national income, whether in modern agriculture, manufacturing industries, or other non-oil natural resources, which will be supported by important legislation under the name (Economic Reform Law), which has made its way to the House of Representatives.”
He added, “The national strategic objectives for the development of the private sector, whose paths will be launched from the decisions of the Private Sector Council soon, have taken into account the contribution of the national market to the gross domestic product to more than 55% of the composition of the country’s national income in the coming years, instead of its current percentage, which is By about 37%.
He pointed out, “This will be achieved through the state’s support for investment in private sector projects themselves, especially those that operate jobs and generate value-added chains on a large scale, as well as the launch of partnership projects in manufacturing industries, in addition to the state’s financial support for them with sovereign guarantees that are consistent with Iraq’s entry into the industrial age.” “Modern digital technology, in accordance with the requirements and principles of accelerating economic growth, is a strategy that will be included in the national development plan for the next five years.” LINK
Source: Dinar Recaps
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