Economy News

Two British and UAE companies get 6 investment licenses worth $ 519 million in Iraq

The National Investment Authority (NIA) has granted investment licenses for six projects in Iraq worth 519 million dollars to British and UAE companies.

The “Forum of Investment and Reconstruction Opportunities in Iraq” witnessed the signing of investment permits with Arab and foreign investors in the presence of a number of Iraqi officials.

Three investment licenses worth 205 million dollars were awarded to Daeco World Holding Company to develop and rehabilitate the central markets, namely Mustansiriya and central markets, as well as an investment license to develop the central and central markets.

The company also awarded Daiku International investment license for the construction of the Muftiyah project in the province of Basra, a residential, recreational and commercial project at a total cost of 234 million dollars.

Al-Ghaith Industries Co., Ltd. (UAE) granted the investment licenses from the Muthanna Investment Authority to establish the caustic soda plant at a cost of $ 65 million and the production of high-purity edible salt at a cost of $ 15 million. Source