Investment authority approves new Najaf city project |
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BAGHDAD - The Iraqi national investment authority on Wednesday approved the establishment of the new Najaf city project with a total cost of $38 billion, the spokeswoman for the authority said.
"Ahmed Reda, the chairman of the authority, approved the project to set up the new Najaf city with a total amount $38 billion," Jina al-Amou told Aswat al-Iraq - Voices of Iraq (VOI).
"The project was submitted to the cabinet for approval," she added.
The head of the authority had told the VOI last Saturday that the project envisages establishing 200,000 housing units and tourist and public utilities, including a huge library like the Congress one.
Two companies; Iraqi and UAE, will carry out the project.
© Aswat Aliraq 2008
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