Iraq May Open Subsidised State Supermarkets

The General Manager of the Iraqi Exhibitions Company said on Monday that the Trade Ministry is preparing a two-year investment plan for the reintroduction of Iraq’s subsidized state supermarkets.

Sadiq Hussein Sultan told AKnews that the Trade ministry plans to invite investors to help reinstate the Central Markets Company, set up by the Iraqi government in the 1980s to provide low-cost food and household goods to the country’s citizens.

The economic blockade implemented against Iraq in the early 1990s and the subsequent looting following the 2003 allied invasion caused serious and sometimes irreparable damage to many of the 20 or so supermarkets situated around the country, he explained.

“This (plan) requires huge reconstruction funds,” Sultan said, “some supermarkets were completely destroyed”.

(Source: AKnews)

One Response to Iraq May Open Subsidised State Supermarkets

  1. Stew January 25, 2011 at 5:25 pm #

    The Trade Minister must not be aware of the impending plan to RV the dinar and make everone Gazillionaires!!