Iraq will give the private sector public projects

 


According to the official Alsabah newspaper, Iraq is preparing to abandon a number of governmental projects and turn them over to the private sector in an effort to boost non-oil sectors.

The daily said on Sunday that there are plans to establish industrial towns in the Southern Port of Basra and other governorates as part of the industrialization push, citing Industry and Minerals Minister Khalid Al-Najm.

"The government has a strategy to help the private sector...The Ministry and other government agencies will decide to transfer some public projects, mostly industrial ones, to the private sector as part of the strategy, Najm stated.

Apart from stating that they include ongoing initiatives and those that the private sector can carry out, the Minister offered no further details on those projects.

He said that the Southern Dhi Qar Governorate's industrial zone's unfinished portion will be made available to private developers.

Comments

Post a Comment

Popular posts from this blog

Muhammad Osman Hussein, the chief of staff of the army, is killed?

Image
  News reports suggest that Sudanese army chief of staff Mohammed Osman Hussein has been assassinated outside his residence in the capital, Khartoum. Have the authorities in Sudan confirmed his death? No. But if the reports come true, his death would be a severe setback to the efforts of bringing civilian rule in Sudan. Hussein played a crucial role in the transitional government which has been working to steer Sudan towards democracy since the 2019 military coup that toppled Omar al- Bashir's regime. It may even disrupt ongoing efforts to achieve peace in the country as a deadly conflict has been raging in Sudan for 12 days now. It is crucial for the authorities to conduct a thorough investigation into the matter.
Read more

The World Bank Group has announced new parameters for partnership with Egypt

Image
  According to Emirates News Agency, the World Bank Group's board of executive directors approved a new Country Partnership Framework for Egypt on Wednesday. The document outlines Egypt's strategy for the years 2023 to 2027. The new CPF is consistent with Egypt's 2030 Vision, National Climate Change Policy, and Sustainable Development Strategy. It seeks to accomplish three high-level goals. The framework's first goal is to increase the number of employment in the private sector by creating a favorable environment for private sector-led investments and job prospects as well as by leveling the playing field for the private sector. Second, the CPF promotes inclusive, equitable, and enhanced health and education services as well as successful social protection programs in order to increase human capital outcomes. Thirdly, it aims to increase shock resilience by enhancing macroeconomic management and implementing adaptation and mitigation strategies for climate chang...
Read more

Lebanese MPs celebrate the anniversary of the Civil War with a football match as a pitch for peace

Image
  Politicians in Lebanon played a game of football to commemorate the 48th anniversary of the nation's civil war, a 15-year struggle that claimed more than 120,000 lives and drove 1 million people from their homes. Nada Boustani, a former minister of energy and water, was one of the MPs from various political backgrounds that took the pitch in the friendly match versus Civil Defence personnel at a stadium in Dbayeh, north of Beirut. The football game, in the words of MP Simon Abi Ramia, communicated a "message of peace and love" that could be discussed in political gatherings and aid in finding answers at the national level. This is a chance to put aside political differences, he continued, so that future generations won't have to deal with strife, warfare, or other violent disputes. Community organisations in and around Lebanon also held cultural and social events to commemorate the start of the civil war on April 13, 1975. However, many Lebanese claimed they were to...
Read more