An Industrial City for Investment to be Set Up in Karbala

Iraqi Dinar 123 News: – The Iraqi Ministry of Industry is preparing to implement an infrastructure and planning to establish an industrial city in western Karbala to attract foreign businessmen. The Governor of Dhi Qar has said that at least 90 percent companies in the private sector have been affected due to budget delay and fiscal deficit which resulted as the lack of funds.

The Deputy Governor of Karbala Jassem Al Fatawi said that a meeting was held with Industry Minister Naseer Al Issawi in his recent visit, he agreed to implement an industrial city project. The Najaf board has allocated six billion dinars for reconstruction of the Holy shrines of prophets Saleh and Hood (AS). The Ministry also stressed that Water, Sewers, Roads and Electricity infrastructure should construct in this industrial city.

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