According to <i>Albayan</i>, a member at Basra development council o Basra (southern Iraq), engineer Majid Altamimi declared that the council gave its final consent to construct a new refinery in Basra with a total cost of US$750 million. He added that economic experts finished their studies to establish a financial market in Basra.
According to him, another big development project will be implemented and this will include the construction of general warehouses.
Altamimi conveyed that a Gulf company got the green light to build the “World Trade Center” near Basra International Airport to be the largest commercial center in the region after Dubai’s Burj Al Arab. Additionally, he indicated that the council approved other projects such as the establishment of a telecommunication network for the internet and the launch of new mobile phone network.
