Wasit is preparing grant licenses for more than 180 investment opportunity

Wasit is preparing grant licenses for more than 180 investment opportunity

Wasit Investment Commission announced on Monday, opening licenses to more than 180 investment opportunities in the province, including agriculture, industry, health, housing and tourism sectors.
Chairman of Wasit investment Commission Sadiq Howeidi said “The commission has provided between 180 to 200 investment opportunities distributed among various sectors of agricultural, industrial, health, housing, tourism and others,” calling those who wish to invest to address to the commission to obtain the required permits.
Howeidi added that “the commission is in the process of granting licenses for investment in various sectors, but they are still at the stage of legal and technical procedures” pointing out that “next year will witness granting a number of investment licenses to local and foreign investors.”
Wasit investment Commission granted three licenses during the past two months, one in the industrial sector was granted to a UAE company to establish a factory for secondary ceilings, in addition to two licenses in the health sector were being awarded to Iraqi investors for the establishment of two hospitals in the city of Kut, the cost of the first one is six billion and 500 million dinars, and the cost of the second is six million dollars, implementation period was determined to be between 18-22 months
There are 10 investment projects in the province of Wasit covering the sectors of housing, industry, health, refrigeration and air conditioning, the animal production sector. Total investment is of 120 million dinars.
Wasit Investment Commission was founded in October 2007, it is the first commission to be formed in the provinces after Kurdistan Region. It hosted more than one local investment Conference as well as a conference of all provinces and participated in many foreign economic forums.