Amanat Baghdad begins investment projects worth $515 million

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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.

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    سعد جبار

    2012-8-20

    After the devastation and destruction that happened to most of the constructions of Iraq and the loss of its lands from the successive attacks and strikes of the enemies. The people of Iraq and the citizens’ real sufferance that they have never experienced, which is the housing crisis has started. And when I say it, I mean it. Many of those Iraqi citizens who have lost their homes through the enemies’ bombings, those who have been expelled from them and those who wanted to start a private life of their own but were unable to begin due to their inability to get their own homes. Indeed, the people of Iraq are living a housing crisis in all that the word aims and means. For that, the Iraqi government officers and those Ministers who have accepted the responsibility of the entire people must really be at the level of this responsibility and strive to resolve the crisis from which many Iraqis are suffering. The Iraqi Ministry that is responsible for the housing and development must establish housing projects for the support of the honorable people of Iraq. Many of the youth of Iraq with their current financial situations cannot purchase any house no matter how cheap they are. So the Iraqi banks for housing and reconstruction must give the right of long-term loans for those young people with low interest rates taking into consideration their financial conditions. It is the legitimate right of any human being and any citizen whatever his country is that he must have his own house so that he can live a decent life. The Iraqi Government must provide this right to its Iraqi nation.

  • سليم ناصر

    2012-8-13

    The Government must work on serving the interests of all people through choosing what is best and most suitable for them. It should carry out many projects in Iraq and the Iraqi people must benefit from these projects through recruiting the Iraqi workforce and thus reducing the rate of unemployment. This will of course play an important role as it will help many Iraqi families and not rely on foreign labor. However, these projects should be managed by foreign experts and by experienced and skilled companies which know what they are doing and the type of services projects they carry out. This is what the Iraqi sons need and it should be carried out. We often hear about the presence of investment projects in all the Iraqi provinces in order to restart the projects which were destroyed by wars which devastated and wreaked havoc in most of the cities. This is in addition to other factors which Iraq witnessed mainly the entry of terrorist organizations from outside Iraq's borders to destroy the infrastructure of the Iraqi economy and halt the development wheel in order to weaken the country and thus dominate it.