Kuwaiti Group Seeks Investment in Basra

Basra’s Investment Commission (BIC) announced on Sunday that the Kuwaiti Bukhamseen Group [Bukhamsin] visited its premises to show engineering designs for a number of projects, and to learn about possible future investment projects in the province.

Director of the Commission, Haidar Ali Fadhil, told Aswat al-Iraq that the delegation proposed a palm tree plantation, concrete factory, and 5-star hotel on the banks of the  Shatt al-Arab.

Both sides discussed possibilities of investing in iron and steel manufacturing in the province.

Fadhil added that one of the items discussed was the building of a recreational city with an area of 300 donums.

The company also visited Karbala in January.

(Sources: Basra Investment Commission, Aswat al-Iraq)

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