Impact of Government-Backed Hypermarket on Iraq’s Private Sector
On February 21, 2025, Nasser Al-Tamimi, an expert in economic affairs, provided insights on the recent launch of government-supported hypermarkets and their implications for Iraq’s private sector.
Al-Tamimi stated that the establishment of hypermarkets, which are backed by the government, will not hinder the support for the private sector. He emphasized that these markets will primarily offer local products, thereby reinforcing the private sector and boosting national manufacturing—a commitment that the Iraqi government consistently upholds.
He further elaborated that the Iraqi government is taking steps to enhance support for the private sector through large-scale projects and investments in factories and laboratories, rather than solely through food retail markets. The introduction of hypermarkets will ultimately assist consumers by providing goods at prices that are lower than those typically found in the market, a practice that is common in many countries worldwide.
On the same day, Prime Minister Mohammed Shia Al-Sudani inaugurated six hypermarket centers in Baghdad via a televised broadcast. According to statements released from his office, these centers are dedicated to selling food and goods at subsidized prices.
Moreover, the Prime Minister announced the initiation of 23 similar projects throughout Baghdad and other provinces to expand this initiative.
In late August 2024, the Iraqi Ministry of Commerce indicated that preparations had been finalized for the opening of five additional marketing centers in Baghdad, which will also operate under the hypermarket model. These centers aim to provide services at subsidized prices, offering discounts of up to 20% compared to local market rates.
This strategic move reflects the government’s commitment to enhancing consumer accessibility while supporting local businesses.
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