Basra's Investment Commission announced has that a Kuwaiti group visited its premises to show engineering designs for a number of projects in addition to be acquainted for possible investment projects in the province.

Mr Haidar Ali Fadhil director of the Commission said that the delegation proposed a palm tree plantation, concrete factory and 5-star hotel on Shatt al Arab banks. Both sides discussed possibilities of investing Iron and Steel Factory in the province as well as solving its hindrances.

Mr Fadhil said that proposed to them building a strategic recreational city with a space of 300 donums.

The group, BouKhamseen, is one of major 17 international companies specialized in housing, hotel building, infrastructure, water and oil with big investments around the world.

Kuwaiti Chamber of Commerce made a conference last April, during which Iraqi and Kuwaiti businessmen discussed means of investment and developing Iraqi-Kuwaiti economic and trade relations.

(Sourced from en.aswataliraq.info)