Basra investment grants two licenses in the construction and traffic sectors at a cost of more than six million dollars



Basra Investment Commission (BIC) announced that it has granted two licenses in the construction and traffic sectors at a cost of more than six million dollars.

"The first project was awarded to a company concerned with the construction materials and the construction of the warehouses allocated to it," said Ali Jasab, head of the authority. "The project was completed for six months due to an earlier period of the project at a cost of $ 3.578 million. Economic and support the industrial sector through the provision of construction materials needed for the construction of buildings and others.

He added that the second license was granted to the project of building a multi-storey building with 16 offices for checking cars and each office containing a parking lot and administrative office at a cost of 4 billion and 210 million dinars with a period of 25 months and an investment period of 20 years. It is his responsibility to regulate the movement of car registration, Global contexts.

Jasab explained that "the Authority is seeking to establish several investment service projects to promote the economic reality in Basra.

LINK