Prime Minister Advisor reveals the government's vision to activate non-oil resources

Economy
  • 22-01-2024, 11:48
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    Baghdad - INA 

    The financial advisor to Prime Minister Mazhar Muhammad Saleh revealed on Monday the government's vision to activate non-oil resources in Iraq. While he stressed that the Prime Minister will be the starting point of the strategic partnership between the state and the private sector, he pointed out that the economic reform law has made its way to Parliament for legislation.
     
    "The chairmanship of Prime Minister Mohammed Shia Al-Sudani to the private sector council will be a starting point to launch the principle of strategic partnership between the state and the private sector, with the aim of activating the country's human and material resources, on the basis of serving Iraq's renaissance in diversifying its sources of national income, whether in modern agriculture, manufacturing industries, or other natural resources other than oil, which will be supported by important legislation under the name (economic reform law,) which took its way to the House of Representatives," Saleh told the Iraqi News Agency (INA).
     
    Saleh added that" National strategy objectives for private sector development, which will be launched from the decisions of the private sector Council soon, have taken into consideration the contribution of the national market to GDP to more than 55%؜ in the country's national income composition in the coming years instead of its current percentage, which is about 37%؜".
     
    Saleh pointed out that "this will be achieved through the government's support for investment in private sector projects as well as the launch of partnership projects in manufacturing industries, in addition to the government's financial support for them with sovereign guarantees consistent with Iraq's entry into the modern digital industrial era according to the requirements and principles of accelerating economic growth, a strategy that will be included in the National Development Plan for the next five years."