Iraq draws up plan to privatize state-owned firms
Foreign investors solicited for cash
Tuesday, May 17, 2005
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Iraq's Industry Ministry plans to partially privatize most of its 46 state-owned companies as part of the government's plan to establish a liberal, free-market economy. Later this year, the ministry is expected to launch a search for domestic and foreign partners in the private sector to jointly run companies in the petrochemical.
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