PM Directs Allocation of Land for a Small Business Industrial City, Including the Riyada Initiative

Baghdad-INA 

Prime Minister Mohammed Shia Al-Sudani directed, today, Wednesday, to allocate a place to establish an industrial city for small projects.
The Prime Minister's media office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received, today, a group of project owners who benefited from the Riyada initiative, which was launched under his patronage about two years ago."
 
Prime Minister congratulated the attendees on the new year, emphasizing that the government will continue its achievements during this period. He commended them for representing the future of Iraq, noting that data from the national census shows the country has one of the youngest populations globally. He also expressed his gratitude to those working on the Riyada Initiative, which has received applications from 425,000 young men and women, reflecting strong confidence in this program.
 
 Al-Sudani stressed the importance of establishing small projects alongside large-scale initiatives. He highlighted that relying on self-employment and private sector projects will allow all job seekers to benefit, pledging the government’s full support for the private sector, especially initiatives like Riyada. To date, the initiative has granted loans to around 9,000 beneficiaries who have completed training and now operate productive projects.
 
The Prime Minister underscored the importance of diversifying the training offered to beneficiaries to include vocational, industrial, and digital skills, aligning with developments in artificial intelligence. He also stressed the need to include business culture, laws, and regulations within the training curricula, stating that Riyada’s participants are future business leaders and major company owners.
 
Prime Minister Al-Sudani directed the allocation of land for the creation of an industrial city dedicated to small businesses, particularly those under Riyada. He also instructed that remaining loan applications be covered and expanded to include different groups, particularly rural women.