Italy to Fund UNIDO Industrial Development Project for Iraq

“Iraq’s Ministry of Planning asked UNIDO to develop a programme to support the establishment of industrial zones with focus on enhancing investment in the countries and, in doing so, provide the foundations for the Iraqi industry and private sector to develop,” said Director-General Yumkella. “We trust that our technical cooperation with Iraq will help diversify the country’s industry and create a competitive market economy.”

Yumkella also said that UNIDO had worked hard to earn the reputation of a neutral, honest broker between technology leaders and technology users. “Over the years, UNIDO has accumulated considerable experience as an executing agency for tailor-made investment and technology promotion programmes that aim to support efforts of governments and the private sector to expand industrial production and create job opportunities,” he said.

Ambassador Ghisi added: “Since 2003, the Italian Government has actively assisted the Government of Iraq to rebuild its infrastructure, promote its civil society and strengthen the process of economic revival. Italy gives an important contribution, both through bilateral and multilateral funding mechanisms, towards the achievement of this objective. Italy believes that this new programme for the development of industrial zones will further support the Government of Iraq to implement its strategic priorities by enhancing the investment climate, create employment opportunities, generate income, alleviate poverty, and lay the groundwork for future economic stability.”

Comments are closed.