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.

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