Kuwaiti group seeks investment in Basra

BASRA / IraqiNews.com: Basra‘s Investment Commission announced today that a Kuwaiti group visited its premises to show engineering designs for a number of projects, in addition to be acquainted for possible investment projects in the province.   Director of the Commission Haidar Ali Fadhil told IraqiNews.com that the delegation proposed a palm tree plantation, concrete factory, and 5-star hotel on Shatt al-Arab banks.   Both sides discussed possibilities of investing Iron and Steel Factory in the province as well as solving its hindrances.   Fadhil added that “proposed to them building a strategic recreational city with a space of 300 donums.   The group, BouKhamseen, is one of major 17 international companies specialized in housing, hotel building, infrastructure, water and oil, with big investments around the world.   Kuwaiti Chamber of Commerce made a conference last April, during which Iraqi and Kuwaiti businessmen discussed means of investment and developing Iraqi-Kuwaiti economic and trade relations. RM (TI)/SR 656