By John Lee.
Prime Minister Mohammed Shiaa Al-Sudani has announced that 4th March will officially be recognised as National Entrepreneurship Day in Iraq.
The declaration was made during the opening of the second "Riyada" (Entrepreneurship) Conference and Exhibition in Baghdad on Saturday.
Al-Sudani praised the "Riyada" initiative as a key element of his government's economic reform programme, designed to support private sector development and empower youth-led innovation. He highlighted that over 500,000 young Iraqis have joined the initiative so far, with women representing around 27 percent of applicants.
He also commended the Central Bank of Iraq (CBI) and other financial institutions for their positive engagement in supporting the programme through training and loans.
Key points from Al-Sudani's remarks included:
- The initiative will evolve into an institutional body linking youth with financial institutions and training partners.
- The government is committed to supporting female participation and reducing unemployment among women.
- Entrepreneurship education has been introduced in 80 vocational schools and will expand to universities.
- The programme reflects a youth-driven economic awakening that aligns with Iraq's transition toward a stronger private sector.
- Partnerships with the private sector are crucial to turning crises into opportunities and generating sustainable employment.
(Source: PMO)
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