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Economy News / Baghdad
On Thursday, the Prime Minister's Office announced the approval of a declaration of investment opportunities for five new residential cities.
The office said in a statement that "Prime Minister Muhammad Shia' al-Sudani chaired today a meeting of the Supreme Committee for Investment and Reconstruction, which is the first since the reactivation of the committee, during which the declaration of investment opportunities for new residential cities was approved."
He explained that the cities are "the new city of Al-Jawahiri in the Baghdad / Abu Ghraib governorate, the new city of Difaf Karbala in the Karbala governorate, the new city of Fallujah in the Anbar governorate, the new city of Al-Janain in the Babil governorate, and the new city of Al-Ghazlani in the Nineveh governorate."
The meeting discussed "executive steps to initiate new residential city projects that constitute an open investment plan, which were approved in accordance with Cabinet Resolution 23121, which formed the committee concerned with new cities," noting that "Prime Minister Muhammad Shia'a al-Sudani stressed during the meeting that investment projects should be targeted To meet the priorities of the government program, and to address the housing crisis files, according to a clear investment and economic vision.
He continued, "The meeting witnessed an emphasis on the tasks of the committee in following up and improving the conditions of the investment environment, and ways to enhance it, in order to make it an attractive environment for investment in terms of opportunities and legislation."
The Prime Minister directed "to pay attention as well to the industrial and agricultural sectors, and the economic sectors that provide job opportunities, expand development fields, and support the national economy."
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