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Haider Al Abadi announces plan to wean Iraq off oil dependency

Mina Aldroubi writes for The National:

Iraq's government unveiled a five-year economic development plan to wean the country off its long-term dependence on oil and build its private sector.

During a cabinet meeting on Sunday, Prime Minister Haider Al Abadi said the plan will aim to diversify the oil-reliant economy.

Baghdad depends on the oil sector for more than 90 per cent of its revenue.

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