Iraq poses a plan to revitalize the industry and seeks to compete with international companies

The Ministry of Industry and Minerals, on Friday, its intention to put forward a plan to revitalize the industrial sector after a drop in oil prices, while confirming its readiness to compete with international companies.

He said ministry spokesman Abdel Wahid Alwan al-Shammari in a press statement, "The Ministry of Industry and Minerals is determined to put up a future plan to revitalize the industrial sector following the drop in oil prices."

Shammari said that "most of the Ministry of Industry companies ready to compete with international companies and we have 171 items have been protected under product protection law."

Iraq, which suffers unaccustomed budget heavily on oil imports from a severe financial crisis following the fall in world oil prices, which led him to search for alternative resources to overcome the current crisis.



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