Kamis, Oktober 09, 2008

Dubai Holding is pursuing to get investment opportunities in Basrah

The governor of Basra declared that a delegation from Dubai Holding company visited the province of Basra on Monday , and had a look at the reality of the city and investment opportunities there.

Mohammed al-Waeli, clarified that "the delegation included Deputy Prime of ports in Dubai and the director of development in the Emirates Islamic Bank, as discussed with government officials in Basra on the mechanism for the implementation of some investment projects especially in the area of port investment."

He added "Our mates in UAE have the significant ability and the accumulated experience in the area of investment; they are serious about entering with all their strength in this area in the province."

He pointed out that there are many Arab and foreign companies declared their readiness to implement investment projects in Basra and soon will begin the licensing process for these companies to conduct their work.

He stated that "The delegation toured around the city of Basra and saw the ports and Shat al Arabs and expressed their admiration for what they found as positive changes in security and stability."

He pointed out that the meeting was attended by Chairman of Investment Authority and the Director of Basra Chamber of Commerce and director of ports and the Reporter of the provincial council in Basra and the director of the Central Bank of Iraq in Basra. "

For his part, Vice President of the ports in Dubai Hassan Hadi described the visit as "Successful," he said, "That Emirates and Arab investors to look at Basra as an important investment location and aspire to create job opportunities in various economic fields." He noted that the next two months will witness positive steps in this area.

The city of Basra, the status of the province of Basra, about 590 km south of Baghdad.

(Iraq Directory)


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