Project manager Muhammad al-Mousawi said the factory relies on robots to increase production, improve quality and reduce errors, pointing to importing machinery from Germany.
He added, “The plant is a major achievement in the adhesives industry in Iraq and contributes to meeting the needs of the local market and producing high quality products,” according to what was quoted by the Commission of Basra investment.
Economists believe that encouraging such investment initiatives would boost the country’s various manufacturing and production sectors, which would help diversify the production base and open up prospects for economic diversification.
The Chief of Staff explains
Engineer Alaa Abdul Hussein Salman, Head of Basra’s Investment Commission, said in an interview with Sky News Arabia:
The trial opening of this plant took place in Basra for the production of adhesives for building materials and other special liquid materials. It is the first factory of its kind in Iraq in terms of technologies and equipment used, as it relies on robots, which are of the fifth generation like the latest versions. In the first phase, the plant will produce approximately 400,000 tons of more than 30 products with international specifications, which will ensure local demand for it in the construction and construction sector. This is an investment project for the private sector, and we are keen to support such promising projects, because it has obtained an investment license under the amended Iraqi Investment Law No. 13 of 2006.
From a rentier economy to a diversified economy
- In the Basra Investment Commission, we focus on supporting industrial projects as sustainable economic development projects, and expanding their scope is enough to move the country away from the rentier economy oil industry to a multi-economic space, and this objective is one of the most important. objectives of the current government program.
Incentives and encouragement
- The benefits and incentives we offer are many and in accordance with the Investment Law and the regulations issued under it, and for this we offer investment opportunities and provide all facilities to investors, and we grant them licenses to implement their projects smoothly and with encouraging conditions.
Our goal as an organization is to introduce modern technology into the Iraqi national industrial sector, to develop and expand it.
We have granted 42 investment licenses for industrial projects in this regard, worth more than 1 billion US dollars, of which 29 have started implementation and work, and the rest are waiting for it, because some of ‘among them are the most important in Iraq and others are unique here.
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