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Economy News - Baghdad
On Friday, Adviser to the Prime Minister for Reconstruction Affairs, Sabah Abdul Latif, revealed that there are major projects that will be implemented within the Chinese agreement.
Abdul Latif said, "All legal problems have been resolved and that the deposit of Iraq's money, which is 100,000 barrels per day, began in the sovereign fund during the past two days," noting that "the value of 100,000 barrels of oil, will be deposited in the fund, and these amounts are used in Al-Omran, according to “Awaa”.
He added, "There are 4 major projects that will be harnessed in reconstruction, namely the construction of 91,000 housing units in Sadr City, with a value of approximately $8 billion, as well as the reconstruction of Nasiriyah Airport, in which the foundation stone has been laid, in addition to the construction of 1,000 schools in all of Iraq." As well as the implementation of sewage projects in four areas in the capital, Baghdad, through this agreement.
He stressed that "the agreement is open until any of the parties request to stop it."
- GURU HUNTER
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Join date : 2015-02-19
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