French companies wishing to invest in Wasit payment system on credit

French companies wishing to invest in Wasit payment system on credit

2/9/2016 0:00

KUT - Hassan Shahid al-Azzawi,

a French company expressed interest to the implementation of investment projects in Wasit according payment on credit system in the areas of civilian sectors, roads and bridges, while the University of the province and distributed 50 residential houses among its members.

The governor of Wasit owner Saidi said in a statement »Sabah»: The representatives Inc. (Mater) French visited the province and expressed their desire to invest in within the civilian sectors, roads and bridges, according to the system of payment on credit, pointing out that the investment project will contribute to the creation of jobs for young people and the elimination of a large proportion of unemployment.

He added that the company's representatives have confirmed the possibility of the establishment of highways and bridges for cars and pedestrians on the Tigris River, in addition to the possibility of building the unity of metallurgical processing and installation of security surveillance systems and the application of e-governance system, pointing out that the company has shown its willingness also to work in a way payment on credit agreement with the government and in accordance with the laws and regulations in force in this regard.

He said Saidi to seek to increase the entry of investors to the domestic market, and not be limited only to the access to investment opportunities and to provide ideas and proposals, noting that the province began thinking seriously to find alternative outlets to get the funds for the management and implementation of projects.

for his part, said the French company director Philip Mater, said his company is currently implementing a suspension bridge in Dhi Qar and have a similar work in the Kurdistan region, adding that the company intends to implement bridges in Wasit in accordance with applicable regulations in European countries, will be in the form of hanging bridges over the Tigris River.

He announced the company's intention to invest a number of investment opportunities in various fields in order to get them and implemented in Wasit province, during the next term, praising at the same time the tireless efforts of the local government towards activating the investment and the serious attempt to provide a suitable environment to attract Arab and international investment companies to operate within the province.

in Wasit, too, to maintain bonds University 50 distributed new residential houses south of the city of Kut among its members.

Assistant Rector Dr. Mazin Jassim al-Hassani said »Sabah» said university president Dr. Abdul Razzaq al-Nasiri distributed 50 houses in the residential complex of the University of the southern city of Kut between affiliates of administrators, technicians and faculty staff, noting that the tracts role ranging from (100 - 120) square meters.

he said the distribution role during the draw for the public attended by all beneficiaries, adding that the role which has been distributed comes as part of the first phase of the residential complex for employees of the university implemented by the company (fountains of Dubai) General Contracting Ltd. at a cost of five billion and 948 million dinars. He Hassani said the project is implemented in three phases include the construction of 150 residential houses, the first phase of which include 50 residential houses, noting that the complex also includes a primary school and medical clinics and a nursery and a kindergarten, a mosque and markets commercial, as well as infrastructure services.