The Ministry of Planning announced on the key results of Iraq’s private sector strategy for the coming years, saying this plan is a major step toward improving the country’s economy.
The ministry’s spokesperson, Abdul Zahra Al-Hindawi, said the strategy to develop the private sector was launched in 2016 and will continue until 2030. He explained that the plan moves through three main stages. First comes preparation, then empowerment, and finally a stage where the private sector takes the lead and becomes a driving force in the economy.
One of the most important outcomes of this strategy, Al-Hindawi said, is the creation of the Permanent Council for the Development of the Private Sector. He described it as the first council of its kind in Iraq and a key pillar for pushing economic growth forward.
The council has strong government backing. It is headed by Prime Minister Mohammed Shia Al-Sudani, with the Minister of Planning serving as first deputy. The second deputy comes from the private economic sector, which Al-Hindawi said helps ensure real partnership between the government and private businesses.
He also noted that the council includes a general body of more than 200 members, representing a wide range of economic and development activities. There is also an administrative body of about 30 members, covering different economic and social sectors across the country.
As for what the council is doing right now, Al-Hindawi said its main focus is turning the strategy into real action. This is happening through joint meetings and discussions between government institutions and private sector representatives.
The council is studying the current situation in key sectors like tourism, industry, and trade, with the goal of creating specific plans to improve and grow each one. Part of the work also involves reviewing existing laws, deciding which ones need changes, and proposing new legislation that can better support the private sector.
Al-Hindawi said these efforts are expected to have a real impact on strengthening Iraq’s economy and building a stronger role for the private sector as a true partner in national development.
