The Ministerial Council for the Economy has approved a proposal by the Ministry of Trade to establish a "Global Gold City" in Baghdad - a strategic initiative aimed at localising the gold and jewellery industry in Iraq and strengthening domestic production.Trade Minister Dr. Athir Daoud Al-Ghurairi described the project as a significant step in advancing national industries, noting that the new city will feature an integrated system including specialised industrial units, world-class training centres for gold craftsmanship, and advanced gold and jewellery markets and exchanges.Riyadh Fakher Al-Hashemi, Director General of the Foreign Economic Relations Department, added that the project will support the private sector and expand its role in Iraq's national economy. He confirmed that the city will be developed within Baghdad's integrated economic zone, positioning the capital as a regional hub for gold manufacturing and trade.The Ministry has already started coordinating with the National Investment Commission (NIC) to finalise land allocation and issue investment licences ahead of project implementation. (ICE AMMAN)

Fonte notizia: Stampa Locale