Prime Minister Mohammed S. Al-Sudani inaugurated the Taawon Hypermarket shopping center in Al-Bayaa, Baghdad, on Wednesday, offering food and goods at subsidised prices.Through a televised conference, he also launched five additional shopping centers in Al-Hurriya, Al-Salihiya, Al-Shaab, Palestine Street, and Jamila, alongside construction work for 23 similar projects in Baghdad and other provinces.During his visit, Al-Sudani emphasised social security coverage for private-sector employees and praised efforts to boost local production. He stressed the Ministry of Trade's plan to open 150 shopping centers nationwide, ensuring discounts for social protection beneficiaries on essential goods.The Prime Minister outlined the project's goal of stabilizing food prices amid global economic challenges, noting the government's intervention in regulating costs and securing essential supplies. He highlighted Iraq's $70 billion annual imports, underscoring the need to reduce reliance on foreign goods through strengthened private-sector participation.Key Highlights from Al-Sudani's Remarks:Food security requires active state involvement.Collaboration with the private sector has stabilised food prices.At least 60% of displayed goods in Taawon Hypermarkets will be locally produced.The government is encouraging industrial expansion through sovereign guarantees and the Iraq Development Fund.Economic reforms support financial, tax, lending, and banking sectors to foster private-sector growth.The Industrial Coordination Council will hold monthly meetings to advance national industries.Al-Sudani reaffirmed the government's commitment to supporting the private sector as a key driver of economic stability and industrial growth. (ICE AMMAN)

Fonte notizia: Stampa Locale