Qatari Companies Partner with Iraq on $9.5bn Worth of Projects 

Three Qatari companies and Iraq’s National Investment Commission have agreed to develop $9.5bn worth of projects in Iraq, including the construction of a pair of power plants that will generate a total of 2,400 megawatts. <br />UCC Holding and the investment commission signed a 25-year, public-private partnership linked to the two power plants, which will cost $2.5bn to build. <br />The power plants will help reduce Iraq’s reliance on neighbouring Iran for its energy needs. <br />Iraq’s investment commission and Doha-based Estithmar Holding also signed deals worth $7bn to manage hospitals, develop two new comprehensive cities and build a series of new five-star hotels totalling 10,000 rooms.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>