License granted to expand hotel in Basra

BASRA / IraqiNews.com: The Basra Investment Commission on Wednesday granted a license to expand a hotel in the city with a total cost of $15 million, said the commission’s head. Dr. Hayder Ali Fadhil, said that the Commission is examining an offer proposed by an Iraqi firm to invest $800 million in constructing a residential compound in the province. “Expanding the hotel will take five years,” Fadhil told IraqiNews.com news agency. He said the project will provide 160 job opportunities. The oil-rich city of Basra lies 590 km south of Baghdad. MH (P)/SH 1