Thursday, May 9, 2024

The government approves the establishment of important projects, including an industrial city in Basra and a hospital in Baghdad , 9 MAY

  The government approves the establishment of important projects, including an industrial city in Basra and a hospital in Baghdad

5/8/2024

Prime Minister Muhammad Shiaa Al-Sudani chaired, this afternoon, Wednesday, the seventh meeting of the Supreme Committee for Reconstruction and Investment, during which it approved important projects.

The meeting witnessed, according to a statement from the Prime Minister’s Office, a copy of which {Al-Furat News} received, “discussing a number of investment opportunities in Baghdad and the governorates, in various sectors, and proceeding with a package of important projects that contribute to revitalizing the economy and providing many job opportunities for young people.”

- Approval of the Taji gas station investment project

 - Approval of a project to establish a solar energy project in Babylon Governorate

-Electricity linkage project between Iraq and the Kingdom of Saudi Arabia.

- Establishing a mental health and addiction treatment hospital in the Ghazaliya area in the capital, Baghdad.

- Approval of a project to establish a 400-bed hospital, on a section of the land of Al-Rashid Camp in the capital, Baghdad.

Approval of the Toyota project, which includes the establishment of an integrated complex that includes units for manufacturing vehicle accessories, spare parts warehouses, a rubber and plastics recycling center, a training and qualification center for Iraqi labor cadres, a vehicle pre-delivery inspection center (PDI), and a vehicle storage center.

In the industrial sector, a project was approved to establish an industrial city in Basra Governorate for the production of iron and steel, in partnership with the General Iron and Steel Company, as well as a project to produce flat float glass, and a project to produce glass bottles and jars.   LINK

DeepWoodz:  Yeeaaa,,,,hard to invest without a REER. (Real Effective Exchange Rate)

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