Basra Approves 6 New Projects

The Basra Investment Commission has approved six projects from Iraqi and Arab investors in the areas of housing, industry and tourism.

The projects include construction of a $9.7m (11.3bn IQD) ready-mix concrete plant and a $9m (10.5bn IQD) plant for producing construction thermostone (isolating cement material).

Other projects include a $81,500 (95m IQD) Nakhil tourist restaurant as well as a $944,000 (1.1bn IQD) shopping center and a steel structures plant costing $40m (46.6bn IQD).

Zahra Residential Compound is also one of the six projects, which will be constructed with $4.5m (5.3bn IQD) and will consist of 74 houses.

(Source: AKnews, Basra Investment Commission)

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