01 June 2011
Najaf - The investment committee in Najaf gave the green light to six investment projects on Tuesday, in the residential, industrial, agricultural and tourism sectors.
Committee head Wafi al-Bahhash, told AKnews that the biggest project approved is a $67.7m housing complex proposed by the Turkish firm Rotam.
The other approved projects include a shopping center, a leisure complex, an industrial zone and a hotel.
The interest Najaf is generating among investors is good news for the southern Iraqi province which requires an enormous injection of funds to regenerate its economy following three decades of successive wars and sanctions.
Investors appear to be drawn to Najaf because of its importance to Shia Muslims from around the world.
Containing the shrine of Imam Ali, a key figure in Shia history, Najaf attacts hundreds of thousands of visitors each year.
So far in 2011, Najaf has approved 163 investment projects with an overall value of $5.4bn.
Najaf - The investment committee in Najaf gave the green light to six investment projects on Tuesday, in the residential, industrial, agricultural and tourism sectors.
Committee head Wafi al-Bahhash, told AKnews that the biggest project approved is a $67.7m housing complex proposed by the Turkish firm Rotam.
The other approved projects include a shopping center, a leisure complex, an industrial zone and a hotel.
The interest Najaf is generating among investors is good news for the southern Iraqi province which requires an enormous injection of funds to regenerate its economy following three decades of successive wars and sanctions.
Investors appear to be drawn to Najaf because of its importance to Shia Muslims from around the world.
Containing the shrine of Imam Ali, a key figure in Shia history, Najaf attacts hundreds of thousands of visitors each year.
So far in 2011, Najaf has approved 163 investment projects with an overall value of $5.4bn.
© AK News 2011
