The Prime Minister, Mr. Ali Fahad Al-Zaydi, met with the heads of investment agencies in all governorates.
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Today, Thursday, the Prime Minister, Mr. Ali Fahad Al-Zaydi, met with the heads of investment agencies in all governorates, in the presence of the Minister of Finance, the Director of the Prime Minister's Office, the Governor of the Central Bank of Iraq, the Chairman of the Supreme Coordination Council for Governorates, and the Chairman of the National Investment Authority.
During the meeting, the Prime Minister emphasized the importance of adopting a new vision for investment and urban development, based on the creation of modern, integrated cities in all governorates, which would contribute to expanding investment activity, achieving balanced and sustainable development, and creating new urban environments that can accommodate population and economic growth.
He directed that each governorate should establish a new modern city, with an area ranging from 10 to 15 thousand dunams (approximately 25 to 37.5 square miles), taking into account the governorate's unique characteristics, history, heritage, and geographical advantages, and that the city should bear its name.
He also directed that investment agencies in the governorates be granted special investment loans to build the infrastructure for the new cities, ensuring the provision of essential services in an integrated manner. He emphasized the need for these cities to be urban development hubs and a qualitative addition to the governorates, providing an attractive environment for residents, investment, economic activities, and services.
Furthermore, the Prime Minister directed the formation of a specialized committee to study the project urgently and to develop appropriate mechanisms for implementation. He also instructed the investment agencies in the governorates to submit a comprehensive vision for the project within a week, including concepts, proposals, and the necessary requirements for starting implementation.
He directed the Ministry of Finance to facilitate the procedures for allocating and assigning the land necessary for the construction of the new cities, to ensure the rapid completion of the project's requirements and the commencement of implementation.
Melaniastasia Romanov
Forwarded fromMelaniastasia Romanov
10September 3, 2026 1K 6
