Babylon signs MOU with French company implement$5 B airport & 3 other projects
Babylon signs memorandum of understanding with the French company to implement four projects and airport service
Local government in Babil province, on Saturday, a memorandum of understanding with one of the French companies to create four service projects by province (100 km south of Baghdad), worth five billion dollars, as the two sides agreed to create an international airport and an oil refinery and recycling plant, power station and tourist city, Babylon confirmed that "investment is the portal of development".
Krupp said the French wakan Sher Ali Safi, told the (extent), we signed today in Babil province, a memorandum of understanding to create many projects yet to submit studies on each project ", stating that" the total value of the projects is estimated at five billion dollars. "
Asefi added: "we have signed the establishment of the international airport of Babel transportation, shipment and create oil refinery production capacity of over one hundred and fifty thousand tons and create power station with a capacity of 1,000 megawatts, as well as a plant for recycling and create tourist city near the airport, stating that" the town will be the first city in Iraq to train young people in aviation hubs, hotel and tourism that Babil province is one of the most important archaeological and touristic cities.
The Krupp wakan "we found significant cooperation by the local government for the completion of the memorandum of cooperation and we will soon".
For his part, Deputy Governor of Babil said Hassan Mandil, in an interview with the (term), "we have signed today with Krupp wakan French involving giant companies in all areas of economic, industrial and investment agreement to develop the province in many fields", noting that "today is the main gateway for development of Babil province in critical financial situation".
Mandil said that "investment in these projects would have a significant financial and economic returns in terms of labour and stimulated the local market".
Babil province (100 km south of Baghdad) need today to large projects for development and labour and local economic revitalization and this comes only through investment.