Muthanna Already OKs 73% of Investment Projects

Thirty-seven percent of the investment plan projects for the year 2011 in the province of al-Muthanna were approved in a “record” time, according to the province's governor, Ibrahim Salman al-Mayyali, on Thursday.

“Muthanna finalized referral of 73% of the projects in the 2011 investment plan, worth 66.680 billion Iraqi dinars [$55.6m], thus outstripping all other provinces in the implementation of the plan,” he told Aswat al-Iraq news agency.

Hayder Abad Jabir, the director of Muthanna’s government contract department, expected all projects in the plan to be referred to investors within the first half of this year.

“Muthanna achieved the announcement of 95% of the plan’s projects, referral of 73% of them to investors and signing contracts of 45% of the total number of projects, 167,” Jabir added.

“Until this day, 122 projects were referred for implementation at a value of 56.611 billion Iraqi dinars while contracts were signed to implement 76 others at a value of 32 billion dinars,” he noted.

(Source: Aswat al-Iraq)

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