Italy’s government and energy company ENI said on Friday they are setting aside a total of one million Euros (1.2 million dollars) to finance sports development projects in Iraq.
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Head of the Diwaniya Investment Commission said on Friday that a Memorandum of Understanding has been signed with an Italian group to establish a residential compound in the province.
Minister of Water Resources, Abdulatief Jamal Rashied, signed on Thursday implementing strategic study of Iraq’s water and lands resources contract with Italian SGI and MED companies at a cost of $35.8 million
The construction cost of this port is of 4.3 million euros and the first stage thereof will be implemented by an Italian company. The first stage is expected to end in 3 years maximum and the development thereof is expected to last till 2028.
An Italian group will begin construction in a month’s time on what will become Iraq’s largest shipping port, the Iraqi transport minister announced Monday.