Iran Pledges $1b for Iraq Projects

Iranian Foreign Minister Manouchehr Mottaki said Saturday his country was ready to help Iraq with an economic investment plan totaling $1 billion, according to Turkish Press.






“We are planning seven projects in the fields of oil, electricity, hospital construction and other services,“ he told reporters during his visit to the Shiite holy city of Najaf, south of Baghdad.

“The Islamic Republic has set aside nearly one billion dollars to help Iraq,“ he said, adding that the Iranians were ready to implement the projects.He said the projects could be implemented in the southern Shiite provinces or in the northern Kurdish ones.

While in Najaf, Mottaki prayed at the Imam Ali shrine, one of Shiite Islam’s holiest sites. He also met a number of religious leaders, including Grand Ayatollah Ali Al-Sistani and radical cleric Moqtada Al-Sadr, who are influential on Iraqi politics.

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