Iraqi Industries Union Warns of Private Sector Struggles
Ahmed Mohammed 2 hours ago
At a Glance
- Adel Agab warned that a lack of government support leaves Iraq's private sector struggling against foreign goods.
- Local industries have successfully nationalized key manufacturing sectors, including pharmaceuticals, cement, and steel.
- Domestic steel and cement are now exported to regional countries like Syria, Jordan, and Algeria.
- The federation runs specialized training and licensing programs to empower women and youth entrepreneurs.
Speaking at a panel during the second day of the Slemani Summit, Iraqi Industries Union President Adel Agab warned that declining state support has left private enterprises vulnerable to intense foreign market competition.
Key Industrial Focus and Achievements
- Market Competitiveness: Agab stressed that local enterprises face severe structural hurdles that hinder their ability to rival imported goods without protective state backing.
- Nationalized Industries: Despite governmental challenges, local manufacturing has achieved notable milestones in nationalizing production, with steel and cement now exported across the region in close coordination with factories in the Kurdistan Region.
- Empowerment Initiatives: The union runs specialized academies supporting over 1,300 women and youth-led projects, providing comprehensive training and administrative licensing clearances.
FYI
The Slemani Summit is an annual high-level regional forum convening policymakers, economists, and experts to debate political, security, and financial challenges facing Iraq and the broader Middle East.
Dive Deeper: Handpicked Stories for You
Follow Channel8 for continuous updates:
Deputy PM Talabani Calls For Banking Overhaul And CBI Coordination
Ahmed Mohammed
2 hours ago