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More than 90% of Iraqi industries are halted

10 Jan 2009
The Chairman of Iraqi Union for Industries Hashim Thanon Al-Atraqchi, confirmed that 90% of the industrial projects amounting to 36 thousand of small and medium industrial stopped after 2003, and attributed this to the policy of dumping goods in the Iraqi market without controls, in addition to the lack of electrical power required for the operation of these plants and the retarded funding and lending by banks easily. He added that one of other reasons to stop the development of industrial enterprises "is the migration of many workers in these halted plants to outside Iraq to work.
Prepared & Translated By: Team Iraq Daily Business Updates
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