Wasit Investment Commission has announced that it granted its first investment licence within the health sector to an Iraqi company for the construction of a private hospital at a cost of around 6.5 billion Iraqi Dinars [$5.6m].
The new 100-bed hospital is to be equipped under the supervision of engineers from the investment board and will contain eight operating theaters. It is expected to be completed within 16 months.
The head of the investment board, Sadiq Huwadi, told AKnews that this project will motivate local and foreign investors to enter different fields of investment in Wassit, which enjoys stable security conditions.
Wasit Investment Board was established in 2007 and has granted six investment licenses over the past three years in the housing, industry, tourism, and agriculture sectors.