Minister of Industry: allocate $ 13 billion to the investment plan

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The Acting Minister of Industry, Mohamed Shi’a al-Sudani said that the State allocated 13 billion dollars during the current year’s budget for the investment plan, and most of these projects do not benefit economically.
Al-Sudani said that “the state allocated 13 billion dollars (during the current year’s budget) to the investment plan, but 40% of these projects are not economically feasible, in addition to not take the basic industries and the task share of these allocations, while the plan was wasted and not utilized Of the expected level “.
The parliament approved in 2015 amendments to the Investment Law No. 13 of 2006 with the aim of creating an encouraging and appropriate climate for investment in all sectors and granting privileges and exemptions and soft loans attractive to investors who are usually reluctant to enter the Iraqi market to deteriorate the security situation.

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