Iraq has launched a project to build an industrial and economic city in the capital Baghdad at a cost of around $29 million, the official Alsabah daily said on Tuesday.

The city south of Baghdad comprises industrial and business facilities, a free zone, banks, fuel stations and other facilities, it said.

"This is the first project of its kind in Baghdad, which needs at least four industrial cities...similar projects may be set up in Basra and other parts of Iraq," the project's director Zainab Al-Janabi said.

The project will be completed within seven years and has an area of around 5 square kilometres, she added.

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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