Baghdad Investment Commission Lays down the Foundation Stone for Baghdad Investment Resort

Under the patronage of HE Prime Minister- Mr. Nuri Al- Maliki and with the attendance of the NIC Chairman and members of Baghdad Governorate and Baghdad provincial office, foundation stone for Baghdad investment resort In Dura City in Baghdad which shall be implemented by Abrain company in cooperation with the International Group for Constructions, the project capital is 120 Million $ to build 960 housing unit to be implemented within 3 years.
Dr. Sami Al- Araji, NIC Chairman mentioned in his speech that Baghdad is witnessing new project of the projects that are to be implemented through Baghdad Investment Commission within the efforts of supporting the economic development in the country.
Mr. Shaker Al- Zamily- Chairman of Baghdad Investment commission said in his speech that it is known for all, the bad situation that Iraq had passed through during the last years and especially the capital – Baghdad – as changes the country had experienced after the war were many and that what had enhanced the Iraqi government to go ahead with the reconstruction process and will had been achieved to step good steps in the development process especially in the way that serves the investment process in Iraq as several laws and regulations had been legislated, which aim at gearing up with the Iraqi people life, like the investment law and the short, medium and long term plan laid by the National Investment Commission which includes preparing the lands suitable for each investment project especially those for the housing sector as six locations had been allocated during the last weeks and preliminary works had begun.
The project shall be implemented on 120,000 square meters and considered the first of its kind in the capital for its integration in terms of all facilities and being connected to all urban centers of the capital. The project also has economic, social and technological importance as it is targeting all segments of Iraqi society which is considered a very important investment experience since it represents a new breakthrough in development and real estate investment with efficient commercial leaderships on high level of experience.
Baghdad Investment Commission seeks to develop all sectors especially the housing sector which had been paid lots of attention by the commission who granted many licenses for constructing new housing units.