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Iraq's Basra seeks to lure Kuwaiti investors

BAGHDAD, Oct 25 (KUNA) -- Iraq's Basra Investment Commission on Tuesday urged Kuwaiti businessmen, investors and firms to attend a forthcoming conference to explore investment opportunities in the southern Iraqi province.
The commission is now coordinating with the Kuwaiti side for a wide scale investment conference to be held in Kuwait, most likely late in November, which will see up to 200 opportunities offered to investors, director Ali Jasib old KUNA.
The idea of the conference emerged during a visit by Basrah governor Majid Al-Nasrawi to Kuwait earlier in 2016, he said.
The potential investment opportunities cover agriculture, industry, housing, education, and infrastructure.
Jasib noted that the governorate has been receiving investment requests from Kuwaiti firms, the last of which from the Bukhamseen Holding Group, in partnership with the Iraqi Al Shalal Al Azraq Group, to build a housing complex near the Basrah International Airport. (end) ahh.msa