Amanat Baghdad officials announced Thursday (August 9th) that five housing, education, health, trade and industry investment projects worth $515 million were launched.
"Foreign and local companies began executing investment projects as part of a group of new investment licenses launched by the capital," Shaker al-Zameli, chairman of the Baghdad Investment Commission, told Al-Shorfa.
Al-Zameli said the projects include building an $81 million residential complex with 2,000 residential units in Ghazaliya, western Baghdad. A $189 million residential complex with 2,000 residential units will be built in Zaafaraniya.
Other projects include a five-star hotel worth $10 million in Kadhimiya, a gynaecology and $35 million in-vitro fertilisation hospital in the al-Qahira neighbourhood of eastern Baghdad, and a $10 million hospital for surgery in Waziriya in central Baghdad, he said.
Al-Zameli said the projects will be completed within two and a half years.