Many questions are in the minds of those who think of breaking into the world of industrial investment - or other - questions that may take the investor a large amount of his mind, time, and effort before reaching a final decision to go to invest in a particular field, and in a particular industry. These and other questions may be answered by non-answer a real obstacle to the investor, which may discourage his decision if he did not find answers. In order for the entrepreneur to be confident and make decisions properly at the beginning of his project and reduce risks and losses in the future, he should strive to collect a large amount of information before it reaches the implementation stage, and this information contributes to sound planning and increase the chance of success. The next steps are to engage new investors in thinking and planning, to reach them with answers and solutions that will put them in the first step to creating a successful industrial project with the least effort possible
Thinking and planning:
For any project, there are gradual steps to implement it, in addition to the managerial capabilities and personal experiences, it is necessary to step forward and take the steps of serial to reach the desired results, and the first of these steps: thinking and planning, it is necessary for the new investor to have the desire to go to invest in industry, This requires that he have a basic conception of what he wants, not based on simulation and tradition, and that he is motivated by a strong motivation to innovate and accept the challenge. In order for this concept to be developed in a practical way, industrial ideas must first be collected and accessible through the information centers established in the Chambers of Commerce and Industry, Industrial Research Centers and other related entities (Ministry of Finance, Ministry of Industry, General Investment Authority) Economic and Industrial (Knowledge Knowledge Consulting Company). After gathering ideas, the contents of these ideas need to be screened in the light of a set of preliminary indicators, such as comparing the evolution of imports, for example, of a commodity over a given period of time, and the licensed production capacities of similar existing plants, taking into account (projects under implementation) In order to reach conclusions that may encourage the initial selection of the idea of the project, along with other ideas, eventually bringing the investor to another short list of alternative ideas, in the light of a more in-depth research may require the preparation of individual studies (investment studies) to identify the most useful And convenient
Feasibility study:
A good economic feasibility study for the project to be constructed means that a good result is achieved, with the simplest and cheapest way. The Feasibility Study is a subsequent step for thinking and decision-making. It is very important for the investor to conduct an economic feasibility study for his project in order to reach his project of safety. Availability of solvency (financial capability), thinking about financing and the extent to which financing is possible
Executive and administrative steps:
Specific procedural steps are required to ultimately obtain the licensed decision of the project, which entitles the investor to benefit from the benefits provided by the state to industrial projects. These steps begin with the preparation of the project file and the composition of its documentary accessories, and end with obtaining the final industrial license
Allocation of the project land:
This is a step that requires coordination with MODON (cities) if the project is to be set up in one of the industrial cities or with the municipalities (industrial zones, if the project is outside the industrial cities) to allocate a project site in one of the industrial cities or industrial zones or Or coordination with the competent authority if the project is to be held in one of them. This is an important step prior to the preparation of the operational engineering plans and the contractual engagement with the leased entity (long term lease contract).
Technical transfer negotiations and technical participations:
Some projects may require the inclusion of a non-Iraqi partner (company or individual) with expertise in a similar industry or engage in negotiations for the transfer of technical technology (technical partnerships). This requires contacts, arrangements and structured negotiations with one or more parties until a contractual formula is reached And the wishes of both parties. This is a step that may be taken before, during or after the industrial licensing phase, depending on the nature of the project, its technical complexity and the need for special expertise. In general, the accession of a non-Iraqi partner to the ownership of the project requires (regardless of the timing of joining the project) the preparation of participation contracts and the provision of expertise documents, and to submit this to the General Authority for Investment to amend the ownership of the project in the industrial licensing decision, With Iraqi ownership.
Implementation:
Which is the last stages of the investment track, where it is achieved by the end of the entry of the project into the area of activation, and requires this stage several details:
First: Preparation of administrative aspects:
- Selection of the Director General.
- Prepare the organizational structure of the plant.
- Prepare job descriptions for each job.
- Employ a financial manager or an accountant.
- Recruitment Manager Production.
- Iraqi Administrative Recruitment.
- Work plan for the employment of administrative and technical personnel.
- Contracting with an external recruitment office to complete the procedures for recruiting workers from outside Iraq.
Second: The stage of obtaining, analyzing and signing contracts:
- Obtain competitive offers of equipment and machinery and work out his analysis
- Choose the main supplier for the machines and others as needed
- Obtaining the general plans for the buildings and production facilities from the main machinery supplier or from the developed company for the project.
- Contracting with an engineering office to prepare the engineering plans of the factory
- Get offers for building works and choose a qualified contractor
- Engage with an engineering supervision office to oversee the completion of building construction according to the approved plans and timetable
- Obtaining offers for factory supplies of transportation, furniture, warehouse systems and selection of the most suitable offers.
Third: the stage of construction and access to part of the employment:
- Continuous follow-up of the construction works by the management and the consultant engineer
- Follow up the shipping of machinery and equipment
- Follow-up the employment of labor and seek the arrival of a batch of workers assisting in the processing to assist in the installation of machinery and equipment
- Follow-up requests for funding with the various entities that have been submitted
- Ensuring the maintenance of the documents of any costs incurred or contracted and the work of a system for their conservation.
Fourth: the stage of arrival and installation of machinery and equipment:
- Contract with a customs clearance office to clear the machines and equipment as they arrive to avoid any irregularities
- Arrange containers to the site
- Storage machines and equipment in safe machines
- Work system to locate and content of each container
- Installation of machinery and equipment through the supplier of machinery and factory labor, taking into account the provisions of the contract with the supplier or the company developed for the project.
- Provide security for the site
- Keep documents such as bills, billboards, shipping lists, operating catalogs, etc.
- Processing the requirements of customs exemptions for submission to the Ministry of Commerce and Industry
At this stage, it is assumed that the Department will conduct identification campaigns on the Company’s products through direct contact with the target customers.
Fifth: the testing phase, acceptance of the machines and the arrival of the rest of the labor and the provision of raw materials necessary for conducting the operational tests:
- The need to attend those who have experience in the operation of machines and achieve the characteristics contracted to the production lines and quality of products according to international standards.
- The need to document the results of the tests and the circumstances in which they were conducted.
- Opportunity for employment to train on production and operation of machines and ask questions to the expert technician.
- If there is a technical assistance agreement, it will help a lot in the future.
- The arrival of the rest of the workers at this stage gives a good opportunity to train and prepare for the start of experimental and actual production.
- Continuing the Department’s marketing efforts to introduce the plant and its products
Sixth: the stage of experimental production and then commercial production:
- An important stage to ensure that production is stable before actual production.
- A good opportunity to train the workers on the operation of machines and knowledge of components of raw materials better than the previous stage.
- Documents for trial completion are signed.
- The responsibility for operation and production is transferred to the management of the plant.
- Actual production begins when customer orders arrive.