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The Investment Authority Awards the Muftiya Project License to Daiko Company.

The Oil Pipelines Company and the Supporting Authorities have Prepared the Appropriate Ground for the Project by Removing Thousands Tons of Rubble and by Transforming the Oil Products

Mr. Jabbar Ali Hussein Al-Luiebi the minister of oil confirmed on the keenness of the ministry of oil to develop the construction, service, tourism and entertainment situation of Basrah governorate…

   To honor and appreciate its role to support the national economy as a generous oil governorate.

   Mr. Al-Luiebi said “during the celebration of awarding the Muftiya tourism project from the investment authority to Daiko international holding company with a cost of (234) million dollars” that the ministry did its best during the last years to transform the Muftiya oil location into a place for tourism and entertainment in the city which is suffering from a shortage of services and infrastructure. He said also that all the concerned authorities must cooperate to develop the services to the citizens of the governorate and to make the development worthy to it.

   Mr. Al-Luiebi have ordered the oil sector companies earlier to coordinate with the concerned authorities in Basrah governorate and the investment authority to build a Tourism resort and landmark in Muftiya and to prepare the infrastructure for this economic city which is suffering from neglect.

   The oil products distribution company, the oil projects company the oil pipelines company and the supporting authorities have prepared the appropriate ground for the project by removing thousands tons of rubble and by transforming the oil products from Muftiya to other locations in the governorate.  

   It is worthy to say that the land which will be used to build the investment residential and entertaining project is owned by the oil products distribution company and the ministry of oil worked hard to gain the Investment license for the resort. It is also supposed to celebrate the signature ceremony of awarding the project to the company within the beginning of May 2018.

Source: Ministry of Oil

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