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Iraqi government approves a $447 million residential project


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Al Taghyir , 10 August 2017

The Iraqi government recently approved a huge national housing project in Maysan province.  A statement issued by the Secretariat General of the Council of Ministers said that, the Council of Ministers approved the National Investment Commission’s suggestion for granting investment licenses to two companies, one Chinese and one Lebanese, (Verbright Beihian Construction Development Shenzhen Co. Ltd.) and the Lebanese Copper Trading and General Contracting for implementing a national housing project in the province of Maysan. 

The project includes the construction of 3,812 housing units with their various services (commercial, infrastructure, public services) at a cost of $447 million to be implemented in three years on the plot 14/1596 Abu Rumaneh / Maysan province.

The statement added that the investment contract between Maysan governate and the above mentioned two companies is in line with the two companies' commitment to implement 14,000 square meters of public utility services (school, clinic, police station) at their own expense.
Al Taghyir Newspaper

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