Iraq and UAE Sign Vehicle Assembly Partnership iraq-businessnews

State Company for Automotive and Equipment Industry, one of the companies of the Ministry of Industry and Minerals, has signed a partnership contract with Iraqi and Emirati firms to establish an integrated industrial system for the assembly, production and marketing of various types of vehicles.

The agreement covers the production of:

  • Buses
  • Light commercial vehicles
  • Passenger cars
  • Trucks
  • Specialised equipment

The partnership also covers technical cooperation with specialised international automotive companies.

According to Director General Eng. Dana Saadallah Saeed, the contract forms part of a national strategy to localise industry and reduce reliance on imports, in line with government and ministerial directives.

Source