Italian, Ukrainian, French Firms Consider Investment in Babil

Babil Investment Commission [Babylon Investment Commission] has announced that a group of Italian, Ukrainian and French companies are interested in investing in the province.

The deputy chairman of the Investment Commission, Abbas al-Tai, told Alsumaria News that the companies are considering construction and industrial projects, and that "the Commission has provided all the necessary facilities to companies in order to reach a memorandum of understanding".

He also gave a presentation of the main investment opportunities in the province, including an industrial area at Hittin (50 km north of Babylon), the "island of Babylon" (16 km northwest of Hilla), and opportunities in the city of Hilla.

The Commission has so far  granted 45 investment licences.

(Source: Alsumaria News)

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