Strategic industrial harmony and system reform

9/12/2015 0:00

 BAGHDAD - Hussein al-Tamimi Tgb

Member Baghdad Economic Forum jeweler Amer said that the strategic industrial touched to encourage strategic partnerships with foreign and domestic investors with the establishment of competent economic feasibility of the country's industrial companies.

Jeweler said, according to a report the restructuring of public companies in the Council of Ministers in February 2015 Team Case Study (157), a public company and display (96) companies from various ministries, local and foreign investment in accordance with the Partnership styles of management and / or ownership and conversion of some companies into joint stock companies after taking system administrative reform and address the surplus labor and measures to improve productivity to become attractive to investors.

He went on to the importance of the restructuring of public companies list to transfer part of the ownership of the public sector in some of them to the private sector by turning them into joint-stock companies, pointing out that it came within the schedule of the strategy that is converted 20 percent of the general industrial sector companies to effectively contribute to the companies the stock market in 2017 and 50 percent of them in 2022 and 80 percent of them in 2030, taking into account the existence of (176), a public company of which (71) General Industrial Company include about 250 plants.

Jeweler said the decision came in restructuring and in the strategy that is formed units and restructuring in the ministries responsible for the preparation of business plans for each company have approved.


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