Aug 29 2011
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Lucrative Investment Offer For Southern Iraq
Majid Al-Atabi, said IFIC , a private joint stock company, has expressed readiness to start a number of projects in Wasit, Moj News Agency reported.
Atabi said the company's offer was tempting because Wasit did not have to worry about immediate payment.
"The company is ready to start the projects and is also ready to accept deferred payment," he reiterated.
He noted that IFIC 's representatives are currently in Wasit and have submitted their blueprints and designs for the projects.
"The provincial authorities have tentatively accepted the designs but the confirmation of the province's investment commission is still pending," Atabi said.
He stated that IFIC 's plans to implement the projects in various civilian sectors of the province, including construction of a variety of industries and factories.
The projects include a pharmaceutical company, a cement plant, transformational industries and silos, Atabi added.
The company is one of the arms of Iran's foreign investment, providing finance and financial services. Its investments cover projects in the areas of energy, telecom and IT, banking, insurance, stock markets, industry, mining, oil, gas and petrochemicals.
The company currently has implemented numerous joint projects in countries including Germany, Brazil, Egypt, Jordan, Sudan, Yemen, Namibia, Oman, the United Arab Emirates and Armenia.
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