Reasons Behind The Success of Iraq Private Sector

Reasons Behind The Success of Iraq Private Sector

Iraqi Dinar 123 News: – The Iraqi government is working very hard to improve the economy by utilizing their efforts in the Iraqi governmental and private sectors. Nowadays, there are two important topic are under discussion and proving the pride in the national production. The first project is Doha cement industry; this project was started in Muthanna province, which is a relatively poorest province among the other provinces in the country. The production capacity of this project is of a very high level and powerful technical quality and specifications according to the ISO standards. The cost of this major project is more than 300 billion dollars. But it is producing less efficient types of material and it is showing a negative picture of this project. This negative type of production caused disappointment for the cement importers and stopped the implementation of projects. It is considered one of the major problems because Iraq was looking to improve its domestic production for the country.

The second is related to locally produced Pepsi and the way to carry out the regional markets with the request of 500000 cartons. But the import and export procedure keep lid on it, although this project can provide 35000 job opportunities for the people of Iraq. There is a high level of capacity for the private sector but it is only possible with the governmental support. The main reason behind the success story for private sector depends on good governance, which gives guarantee in the way of gaining good profit.

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