Najaf Investment Commission announced on Tuesday that it has granted two investment licenses worth a total of $56 million.
According to AKnews, one is to build a residential complex in Manathira district, and the other is to build a tourist hotel in Najaf city.
Wafi al-Bahhash, the head of the commission, told AKnews that the residential complex will be built 17 Km south of Najaf and includes 795 residential houses that will be worth $51 million.
"The complex also includes service and entertainment facilities, and the license was granted to Dar Engineering Company," he said.
"The second license was granted to an Iraqi investor to build a four story tourist hotel that will cost $5 million."