2024-02-03T11:55:14+00:00
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/ Prime Minister Mohammed Shia al-Sudani stressed, on Saturday, the necessity of having a societal understanding of the private sector in Iraq and experiencing small projects and developing them.
This came during his reception of a number of investors and businessmen who own medium-sized projects, according to what was stated by Al-Sudani’s media office, which stated that the meeting witnessed a review of the most important projects being implemented, the obstacles and problems facing business owners and ways to address them.
During the meeting, Al-Sudani pointed out the government’s move towards supporting the private sector and small companies, pointing to stimulating measures being taken for the first time, including the sovereign guarantees provided by the government for projects implemented by the private sector.
The statement quoted the Prime Minister as saying that these steps come from the government’s vision of the state’s work, which cannot be managed only through government institutions and the public sector, and relying on the budget and oil prices, and on government jobs, but rather there must be a societal understanding of the private sector, and the experience of small projects and their development.
The statement added that the meeting addressed the challenges facing economic and financial reform in several files, as the implementation of the electronic payment system faces many obstacles, and there are attempts to circumvent tax reform, company registration and customs procedures, and all of them are being addressed, stressing that the government is also continuing its procedures to reform the banking sector.
The statement added that Al-Sudani spoke about the contracts for new residential city projects, explaining that they aim to solve the housing crisis and stimulate industry at the same time, as the construction sector serves this trend, which increases local production capacity in these industries.