Iran ready to launch investment ventures in Karbala – official

KARBALA / IraqiNews.com: The Iranian undersecretary for housing and reconstruction said on Thursday that his country was ready to launch investment projects in the province of Karbala in particular and Iraq in general in the field of building housing units. “My visit comes at an invitation to get acquainted with the security and investment scene in Karbala, where Iranian firms are ready to set up housing projects once the officials in Karbala allocate the necessary lands for these projects,” Mohammed Saeedi said in a press conference attended by the Iranian ambassador in Baghdad and the governor of Karbala. The holy Shiite province of Karbala lies 110 km southwest of the Iraqi capital Baghdad. AmR (P) 4