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Geographic Location: --
_ Area: --
The area of the Province (17153 km), equivalent to 3,9% of the
total area of Iraq and a challenge to maintain four neighboring
provinces, namely:
• Baghdad,
• Diyala,
• Maysan
• Thi Qar
• Diwanyiah
• Babil
• Iran from the east.
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Population: --
Estimated population in the province is (1050000) Million and fifty
thousand inhabitants, %52,4 of them in urban areas and the rest
in the countryside.
Age groups: --
(15_60 years) accounted for 54% of the population of the
province, a class that depend on them for work which is good rate.
Natural Resources: --
The Tigris River that runs through the province from north to
south and its tributaries and groundwater, a major source of water
in the province as well as livestock, fishery and there are many
wells of oil and natural gas deposits and some other metals have
not invested yet. To maintain that the oil reserves as it is in Ahdab
in hand free as well as to maintain a reserve of natural gas-related
quantities of oil reserves located in the Province.
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The banking system: --
The banking sector in Wasit consist of (14 banks) distributed
according to ownership between (8) State banks (6) Private banks
as following: --
• State-owned banks: --
1. Rafidain Bank (main).
2. Bank of Iraq (Cordoba).
3. Bank of Iraq (Al Mashroo)
4. Rasheed Bank.
5. Rasheed Bank Branch Sewerah.
6. The Agricultural Bank.
7. The real state Bank.
8. Agricultural Bank- branch of Aziziyah.
private banks: --
1. Warka Bank branch (Sada Branch).
2. Warka Bank branch of Al Mashroo.
3. Warka Bank Branch Badra.
4. Bank of Al Khaleej.
5. Bank of Baghdad.
6. Bank for Investment and the economy.
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D - Specify controls for granting of financial assistance and
exemptions to ensure that industrial development coordinated and
balanced manner within the framework of the development plan.
The project that has obtained license under the provisions of this
law on the exemptions and privileges as follows:
• From the date of entry into force of this law, taking into account
the provisions of Section III of this article.
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individuals or companies belonging to the stock company, except
in developed cities, and (20%) twenty per cent in the less
developed cities and rural areas and remote villages.
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E: The Planning Board shall determine the developed cities and
less developed and rural areas and remote villages for the
purposes of this law.
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IV: _ the Companies Act No. 22 of 1997
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VI: - Banks Regulatory Act No. 64 of 2004
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VIII: - Law of the General Authority for Free Zones No. 3
in 1998
Reasons stated in the enactment of this Act is the desire to raise
the wheel of economic and social development forward by
attracting capital to national and Arab and foreign industrial
investment from the advanced functions and introduction of
advanced technology, create new jobs, increased exports and
foreign exchange resources, administration and investment free
zones serves as an investment Iraqis purposes of national, Arab
and international, powered by Iraqi foundations.
This gave the law Article (4 \ 9) of the board of directors of the
General Authority for Free Zones and the power to propose laws
and regulations relating to exemptions.
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• The conversion of the application from the Department of the
One Stop Shop to the President of the Commission for
transmission to the Audit Division in the legal department to audit
the applicant and to the Division of Planning and Studies Section
of the Economic and technical feasibility study or the department
of the One Stop Shop by referring to the people above and then
presented to the President of the Commission.
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Investment opportunities and sectors: --
1. Industry.
2. The agriculture sector.
3. The housing sector.
4. Shopping malls.
5. The tourism sector.
6. The health sector.
7. The transport sector.
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2. Modern Factory for the production of cement
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Agricultural investment opportunities: --
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estimated percentage of homes more than (40) years was
estimated at 15% and, of course, this proportion can not be
underestimated and we are living in the twenty-first century in a
country has a lot of experiences and diverse so we need a
comprehensive change in the laws of reconstruction as the need to
maintain, as well as vertical horizontal buildings with good
specifications can live a dignified by as there are some families had
built houses are cheap and very simple because of its poor
economic situation with rising prices of construction materials and
labor costs and this coerces many families live in houses for rent
to live more than one family in one house In addition to this, the
country needs to establish parks and recreational areas and green
space to give a beautiful picture and decent maintenance.
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Nisf Ad-Dijela
and 4/6
Territory 47
Nisf Ad-Dijela
Kut Om 2/52 Territory 896 Wassit
Hulail 37 Om Hulail Acres Investment
Commission
Kut Om 1/123 719 Wassit
Hulail
-
territory 37 Acres Investment
Om Hulail Commission
4- Malls
5- Toursim
• Amusing Park
• Touristic City
• Touristic Hotel
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District No.
Sheik Part of land 120 1 Billion Wassit
1/2025 Acres Investment
Sa’ad territory 41 Commission
An-Nimsiah
Kut - 10 Acres Wassit
70-50 Investment
Commission
Kut 2/10411 30 acres Wassit
territory 29
5-7 Investment
Damook Commission
Sewerah 458 25 acres Wassit
Husainyiah
5-7 Investment
Commission
Kut/ Om 1/128 29 acres Wassit
Hulail Territory 37
5-7 Investment
Om Hulail Commission
Kut 1/6 territory 15 acres - Wassit
38 Khachiah Investment
Commission
6-Health Sector
— Specialized hospital for gynecology and
obstetrics and pediatrics.
— Specialized hospital for blood diseases
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7- Transport:
The transport sector is the mainstay of the economic
development process as an important factor linking the
various elements of production as it is responsible for
providing the needs of the areas of goods and products from
production areas to consumption areas abundant away.
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