Investment management and difficulties facing in the industrial project: An empirical analysis on small and medium-sized enterprises

In the industrial investments of SMEs, the effective management of the project has a great role and importance in both developed and developing countries. It is known that these enterprises face some problems in obtaining and managing financial resources in industrial projects. SMEs face many challenges, both financial and marketing, R&D, logistics, legal framework, in acquiring financial resources and in the procurement of land and other capital assets necessary for the realization of the investment. In this context, in the research, factors such as technology, machinery, equipment, legal framework and supports required for SMEs to implement industrial projects were examined. In the context of the investigation, a field study was conducted in order to determine in more detail what needs to be done to overcome the problems. The field research has been illuminating in identifying the difficulties faced by SMEs in financing industrial projects. Drawing on the findings from the field research, the study reveals the main issues that include many things such as the bureaucracy that exists in government offices, as well as the difficulty of financing medium and small projects, including the problem of obtaining land. The lack of suitable land to establish a project on it, the long time required to obtain official approvals and the associated marketing difficulties and the financial problems of close connection with imported goods come to the fore. The main purpose of the research is to shed light on the problems and obstacles faced by small and medium-sized enterprises and how they can be overcome. The study assumes that there are legal and marketing hurdles and develops recommendations for overcoming them. In the light of the findings obtained in the context of the field research conducted in Mosul (Iraq), suggestions have been developed to overcome the financial and non-financial problems of SMEs.