The same thing is occurring in the Diwaniyah province, which declared bankruptcy May 9 due to a lack of financial funds from the 2015 budget.
Engineer Fadel Falih took Al-Monitor on a tour of the sugar plant in Babil, which opened Feb. 9. “The opening of this plant is an important event," he said, "in light of the absence of strategic industrial projects in Iraq due to the state’s preoccupation with the successive wars that hit the country since the 1980s.”
“The impoverishment of industrial production in Iraq in inevitable, given that plants have surpassed their presumed lifespan and not been updated,” he said. “Iraqi plants, despite their total collapse in production, suffer from a surplus of workers. The Hilla textile plant could be operated by about 500 workers, but today it employs more than 3,000 due to poor planning and administrative bureaucracy.”
“The key to finding a solution for financing provincial budgets," said Falih, "lies in advancing the industrial sector, after security and stability is provided, as this will create an environment suitable for investment. Next it is necessary to update old plants. This will increase production and [help] eliminate unemployment, fulfill the market’s need for goods and allow for exporting abroad.”
(Strike image via Shutterstock)