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Prima Civitas Foundation coordinates consortium in reaching agreement with National Investment Commission of Iraq, headed by MSU alumnus Dr. Sami Al-Araji
East Lansing, Mich.
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– Officials from the National Investment Commission of Iraq today said the Commission has signed a memorandum of understanding (MOU) to construct a $5.5 billion planned urban development on the outskirts of Baghdad.
The consortium of Michigan companies leading this effort, MICH Development, is organized by the Prima Civitas Foundation (PCF), an organization founded by Michigan State University to leverage the university’s diverse resources to assist the state.
The MOU with MICH Development will pave the way for a major investment that will improve the lives of Iraqi families while also creating opportunities for American businesses, particularly those in Michigan.
Dr. Sami Al-Araji, Chair of the Investment Commission and a Michigan State University alumnus, introduced this opportunity to MICH