Today the Supreme Committee for Investment and Reconstruction held its regular meeting under the chairmanship of Prime Minister Mohammed Shia Al-Sudani, during which developments were considered regarding the mechanisms of investment in all economic and development sectors, and files before it on its agenda were reviewed. At the same time, the necessary decisions were made regarding them.
The meeting covered the investment file of Wasit Governorate. Within the public authority’s vision to plan new urban communities, approval has been granted to plan the “New Wasit Private City,” which allows for the delivery of developed private lands in which the private sector land developer follows the provision of public utilities and service institutions, and services, and sells them at affordable prices for citizens at large, in continuation of the public authority’s vision aimed at resolving the housing crisis.
The committee decided to backtrack on the request for making the 77 dunum-square-foot plot site, in the Diwaniya Governorate’s 3/6 Umm Al-Khail District, into a residential complex. The Diwaniyah Speculation Authority is required to announce the project as an investment opportunity to establish an entertainment project with modern and level designs and activities that are unbeatable on the mentioned plot, to be an enlightening entertainment area that meets the requirements of citizens in the governorate, according to the current investment law, within the increase in the domestic tourism movement.
In addition to these, the Committee decided on a number of development measures across all the sectors that would promote private sector participation, generate employment, and open up investment in diversified sectors of the economy.
