Najaf Investment Committee has approved ed four new investment licences in the areas of tourism, agriculture and entertainment, worth a total of $ 78.7 million (91.7 billion IQD):
- an agricultural project to create an integrated farm that includes the cultivation of palm trees, olive trees and seasonal crops in addition to housing livestock of all kinds and milk production;
- The second and third projects will see two family parks constructed which will offer games, cafeterias and rest houses;
- The fourth projecgt is a five-storey hotel.
“More than [sic] 199 investment licenses have been granted so far in various residential, agricultural and tourist sectors at a value of $7bn (8.2tr IQD),” said committee chairman Wafi al-Bahhash.
Najaf, 160 km south west of Baghdad, receives millions of Shias ever year visiting holy shrines such as the Imam Ali Mosque (pictured).
The province is in much need of investment to rebuild its economy, which was greatly affected by years of war and sanctions.