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Iraqi factories to be restored

19 Jan '07
1 min read

Iraq at the moment is fighting to cope up with the severe economic crisis.

Around 300,000 people are unemployed as 200 factories were closed during operation Iraqi freedom by US.

The US officials under the Deputy Undersecretary of Defense for business transformation have decided to restore 10 state-run Iraqi factories and offer employment to 11,000 people.

The US policy for this recovery of the factories is a new strategy to reconstruct the economic condition in Iraq.

The first 10 factories which will be refurbished are spread in the different parts of the country and covered a various range of industries, including machine parts, textiles along with few others.

US will fund to restore these factories that have been damaged during military operations.

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