NIC reveals $66 billion investment plan

BAGHDAD / IraqiNews.com: The Iraqi National Investment Commission (NIC) has revealed a government plan to invest $66 billion U.S. dollars in projects under a postpaid plan that aims to resolve this year’s budget deficit. “In cooperation with the investment commission, the cabinet has drawn up a plan to invest $66 billion U.S. dollars in the domains of housing, water, electricity, agriculture, health, education, and others,” the chairman of the commission, Sami al-Araji, told IraqiNews.com news agency. In late April, the cabinet approved a draft law on a postpaid plan of $65.765 billion to rebuild Iraq’s infrastructure and service sectors. The move came upon instructions from Prime Minister Nouri al-Maliki to benefit from offers by countries and corporations to set up major ventures for the Iraqi government within the framework of a postpaid system plan. SS (P) 1