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FINANCIAL NEWS
Italy to fund $4.2m project in Iraq
08 Dec 2010
(MENAFN) The United Nations Industrial Development Organization (UNIDO) said that launch in January a $4.2 million technical cooperation project in Iraq to develop industrial zones and enhance investment in the country, Reuters reported.
The two-year project will be funded by the Government of Italy, and implemented in coordination with the World Bank, according to a statement released by the UN information bureau.
This will include the establishment of an inter-agency coordination mechanism, the drafting of a comprehensive roadmap on industrial zone development, as well as capacity-building activities for counterpart institutions.
The project will also facilitate the establishment of industrial zones in two pre-determined areas in order to revitalize the private sector in those areas and rehabilitate the local economy.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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