Babel investment commission unveils 4 projects in London conference

5-18-09
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The director general of the Babel investment commission said on Monday that the commission presented four investment projects during the recent London conference.

“The first project is an industrial city in Abu Sameeh region in south of Babel,” Alaa Harba said at a press conference on Monday (May 18) in Babel, noting that talks underway on this project with German investors.

“The second project is al-Mehnawiya island in northern Hilla, a touristic project to be built on an area of 2,210,000 meters and would be a touristic resort,” he added.

“The Third project is an oil refinery with a total capacity of 140000 barrels per day,” he also said.

“The fourth project is the establishment of a petrochemical plant of dozens of laboratories as well as other investment opportunities in Babel,” the official noted.