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Basra investment: We work with five major companies to set up projects in the governorate
Economy News - Baghdad
The Director of Basra Investment Commission, Alaa Abdel Hussein, announced today, Sunday, that the authority is currently working with five major companies to establish large investment projects in several sectors, including housing, water, oil and energy.
Abdel Hussein said, "The number of projects approved for 2019 amounted to 80% more than previous years, as the number of projects at the age of the authority reached 146 projects, at a total cost of four billion dollars in the residential, commercial and economic sectors."
He noted that "companies are ( KPM ) Korean to start the implementation of the housing project , which Almekhel exceed ten billion dollars worth Inc. ( Hanwha ) Korea submitted a request for the establishment of the first phase of the construction of ten thousand housing units and the company ( Shangai ) , which I made the first two requests the establishment of an industrial city and the establishment of the second Chinese Metro Basra , Inc. ( Genises ) Italian Swiss, Inc. ( Lorento ) Chinese to create a fertilizer plant worth $ 240 million. "
And Abdel Hussein that "investment included many sectors as the percentage of investment in the residential sector (37.22 %), services, transportation and logistics (13.59 %) and trade (13.30 %) and entertainment (11.63 %) and industrial (8.88 %) and electricity (4.28 %) and tourism (5.60 %) and health (2.56 %) and agriculture (2.38 % ) and sports (0.50 %), education (0.30 %).
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