Iraq enters into a contract with a Kuwaiti company to build the airport

by **Ponee** Thu Jan 22, 2015 10:18 am

The total cost of the project will amount to 350 t $ 1 billion

Today has been the signing of a contract between the Iraqi province of Diwaniya, Inc. (Nasiriyah) Kuwaiti establishing Diwaniyah Commercial International Airport in the presence of Deputy Prime Minister Bahaa al-Araji.

He said al-Araji told a news conference on the sidelines of the signing of the contract, which was attended by Kuwait's ambassador to Iraq, Ghassan Al-Zawawi and member of parliament for the province of Diwaniyah and a delegation from the company in addition to the President of the ceremony Iraqi investment Sami al-Araji, 'that the investment a new experience in Iraq, but we were not successful, significantly during the previous years, despite the fact that the investment made efforts quality to find quality investment projects' noting that the lack of success in investment over the previous years was because of the security conditions in Iraq and the region.

He added, "If the investment is needed, it has become today an urgent need to find projects paid by the companies to be reimbursed according to the conventions and an example of this important project, which met today for him. '

Meanwhile governor of Diwaniyah Ammar civil He said that 'the total cost of the project would amount to 350 t $ 1 billion, including $ 430 million earmarked for the establishment of the airport. '

Civil and added that 'the project will be implemented in three phases and for a period of five years from the first stage of it start to build the airport and the second phase of the free zone and the third phase of the project major commercial area'.

He stressed that the 'project management will be by the Kuwaiti company for 45 years and during this period are awarded 10 percent of the profits of the province' pointing out that 'the project will provide more than eight thousand jobs for the people of the province.'

In turn, said that the new investment experience in Iraq, but we are not successful in the big during previous years despite the fact that the investment made efforts to find the quality of the quality of investment projects.

The Iraqi cabinet approved on 30 August on the establishment of the airport to be one of the most important investments in the areas of central Iraq.

2015-01-22

source

by **RoyBoy** Thu Jan 22, 2015 3:50 pm

I wouldn't mind a few crumbs of this pie just to get me by with my daily needs lol

Iraq enters into a contract with a Kuwaiti company to build the airport

Iraq enters into a contract with a Kuwaiti company to build the airport

Re: Iraq enters into a contract with a Kuwaiti company to build the airport