Oil Minister Jabar Ali al-Luaibi has announced the construction of a tourism and entertainment resort in Basra, to “honor and appreciate its role to support the national economy as a generous oil governorate.”
The $234-million Muftiya City project has been awarded to an international holding company he named as Daiko.
The land to be used for the project is owned by the oil products distribution company.
According to information previously released by the Ministry of Oil, the 38-acre water city will include a waterpark, a leisure resort for families, and an aquarium. There will also be a zoo over 52 acres, a closed football stadium, Olympic swimming pool, sports and entertainment facilities, and restaurants.
Iraq Business News