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Iraq cancels Baghdad Airport project over corruption concerns
The new Iraqi Prime Minister, Ali Al-Zaidi, decided to cancel the development project for Baghdad International Airport, valued at approximately $764 million, due to suspicions of corruption that have sparked controversy over recent months. This project had been approved during the tenure of his predecessor, Mohammed Shia Al-Sudani, and included the construction of a modern passenger terminal with a capacity of up to 15 million travelers annually, as well as upgrades to the runways and airport infrastructure, all without government spending during the concession period. This move comes as part of Iraq’s efforts to combat corruption and attract investments, despite the challenges posed by financial irregularities and the loss of billions of dollars from Iraq’s funds.
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