An Iraqi governorate bordering Kuwait and Saudi Arabia has launched scores of projects with a combined value of around $4 billion, including housing and cement, according to its investment body.
The Investment Commission of the Southern Al-Muthanna Governorate said many of the 250 small and medium projects have been completed and that it is pushing ahead with the remaining projects.
In a statement carried by the official Alsabah newspaper, it said one of the key projects is an industrial zone, which it said has almost been finished.
“We are executing nearly 250 projects in various sectors…they comprise 15 housing projects and a number of cement plants along with farms and an industrial zone,” the statement said, adding that the projects provided over 22,000 jobs.
The Commission’s Director Adel Al-Yassiri said four cement projects would soon start operating at a total production capacity of 17,000 tonnes/day.
(Writing by Nadim Kawach; Editing by Anoop Menon)
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