2024-03-21T08:24:41+00:00
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/ The Industrial Estates Authority, one of many formations of the Iraqi Ministry of Trade and Minerals, introduced on Thursday its becoming a member of the World Federation of Free Financial Zones (FEMOZA) in cooperation with the United Nations Industrial Growth Group (UNIDO).
The Director Common of the Authority, Hamid Awad Muhammad, defined in an announcement that the Authority is an important entity charged with advancing the economic cities and their prosperity all through Iraq, indicating that the becoming a member of got here because of the significance of worldwide partnerships in reaching the Authority’s targets in mild of financial adjustments and the motion of markets, transport traces, and international land and railway transport, and in an effort to Work together with it professionally, making the most of Iraq’s strategic geographical location.
He identified that the FEMOZA group is taken into account an internationally identified union dedicated to selling sustainable financial zones and has hyperlinks with (200) international locations on this planet.
The Director of the Authority added that this affiliation confirms the targets of the Industrial Estates Authority in creating an setting conducive to funding, innovation and financial diversification by benefiting from the group and its international community, in addition to attracting overseas funding to Iraq and enhancing the Authority’s capability to ascertain and handle industrial zones that assist in sustainable improvement and worldwide enterprise participation. Accelerating industrial development inside Iraq by benefiting from the experience of specialised worldwide organizations.