Baghdad signed a memorandum of understanding with international companies for the implementation of projects on credit

Twilight News / signed by the governor of Baghdad, Ali Mohsen al-Tamimi, a memorandum of understanding with a number of international companies to implement a number of housing projects, roads, schools, health and infrastructure in the capital and in a way (payment on credit).
A spokesman for the Baghdad governorate morning Znگnh In a statement MEMRI to Twilight News, "The governor of Baghdad signed a memorandum of understanding with a number of representatives of Chinese companies, Thai and European to complete service projects in the capital, as well as discuss strategic plans and projects and future special of construction and reconstruction areas."
He explained that the province of Baghdad is an urgent need to develop the service side and promotion after a large number of projects as a result of the financial crisis, and carried out by the province according to the latest international standards rapidly and sophisticated and the duration of a short time, "noting that" the MOU aims to open future avenues for the better. " .
Znگnh He added that "Baghdad province welcomes cooperation and contracting with major specialized in the field of reconstruction and construction of foreign companies, including Max Re Group companies as they have a large and active role to serve the development of the service level in the province."
He stressed that "the signing of a memorandum of understanding between the province and companies spend discreet built a number of housing projects and infrastructure, as well as roads, schools, water projects and health projects in a way payment on credit."
And it started many Iraqi provinces resort to contracting with companies in a way payment on credit because of the financial crisis in the country due to lower crude oil prices and global markets upon which Iraq to secure the budget resources by more than 90%.