S. Korean Companies to Invest $30b. in Ninewa
The investment authority in Ninewa has signed contracts worth $30 billion U.S. dollars with South Korean companies to conduct investment projects in the province.“The projects are in the fields of industry, agriculture, electricity, and oil,” Ninewa Governor Darid Kashmoula told Aswat al-Iraq.
“Contacts are currently underway between the authority and Croatian companies to establish services compounds at the border outlet in Rabia, western Mosul,” he added.
Mosul, the capital city of Ninewa, lies 405 km north of Baghdad.
The original city of Mosul stands on the west bank of the Tigris River, opposite the ancient biblical city of Nineveh on the east bank, but the metropolitan area has now grown to encompass substantial areas on both banks, with five bridges linking the two sides.
Despite having an amount of Kurdish population, it does not form part of the area controlled by the Kurdistan Regional Government (KRG).
( Voices of Iraq )
