"ONLY BECAUSE THE MONETARY REFORM HAS SUCCEEDED" BY FRANK26, 12 AUGUST

 KTFA

FRANK26: "ONLY BECAUSE THE MONETARY REFORM HAS SUCCEEDED"....F26

Government committee issues a series of decisions to expand investment in economic sectors

 

8/11/2024

 

The Higher Committee for Investment and Reconstruction held its regular meeting today, Sunday, headed by Prime Minister Mohammed Shia al-Sudani, during which they discussed aspects of developing investment mechanisms in various economic and development sectors, discussing the files on the agenda, and taking the necessary decisions regarding them.

According to a statement issued by Al-Sudani’s media office, “the meeting considered the investment file for Wasit Governorate. Within the government’s vision for establishing new cities, approval was given to establish the “New Wasit Residential City,” which includes the distribution of serviced residential lands, in which the private sector real estate developer undertakes the establishment of infrastructure and service institutions and the management of services, and they are sold at low costs to citizens from the categories determined according to the government’s vision for addressing the housing crisis.”

The committee decided to reject the request to convert the plot site (3/6 Umm Al-Khail District) with an area of ​​77 dunums, in the Diwaniyah Governorate, into a residential complex. The Diwaniyah Investment Authority is responsible for announcing the investment opportunity to establish an entertainment project with modern and high-level plans and activities on the aforementioned plot, to be a civilized entertainment area that meets the needs of citizens in the governorate, according to the current investment law, within the framework of expanding domestic tourism activity.

The Committee also issued a number of decisions that would expand investment in various economic sectors, increase private sector involvement, create job opportunities, and support development in all areas.

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