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Assigning projects to local cement industry industrialists
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Translated by IRAQdirectory.com - [8/18/2007]
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The Ministry of Industry and Minerals will assign 19 cement industry projects to Iraqi industrialists, with private sector support and guidance to provide the necessary expertise to help them participate in the industrial development process. Hanan Jassim, Ministry media spokesman, said these factories are distributed across most provinces and will work under the supervision of the Ministry to ensure proper implementation. The Ministry is also seeking to set up sophisticated cement factories with modern non-polluting technology, as well as to assign 58 projects to the private sector for brick manufacturing, and two for the gypsum industry; they range across all governorates and stages of implementation.
Jassim explained that this measure falls within the Ministry program to support the private sector, and that work is underway to prepare investment files of suspended state brick factories for privatized rehabilitation and operation. There will also be coordination with the United Nations Industrial Development Organization (UNIDO) to organize a private sector training program in the necessary factory management skills, coupled with ongoing grants of facilitated loans to private sector industrialists to restart the stalled Baghdad factories.
To encourage Iraqi investors from outside the country the Ministry intends to invite them to openings of a number of vital projects. In addition, it will be promoting and encouraging the establishment of small and medium enterprises, a process which has significantly revitalized other countries' economies, as well as identifying industries which can meet needs of local and foreign markets in a way that ensures competitiveness with counterparts abroad.
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