Home
Baghdad Investment: DC 60 will include a commercial center in the next few years
Fri Jul 24 2015 20:12 | (Voice of Iraq) - Baghdad
Confirmed the Investment Commission of Baghdad, on Friday, they actually passed or are preparing to leave 60 major commercial center (mall) in the capital, while the demand for it attributed to the low cost and ease of procedures compared to other investment projects, it showed that the number "is not enough" after the needs of citizens According to the vision of the Ministry of Planning.
The head of the body, Shaker al-Zamili, in an interview to the (long-Presse), said that "to go about getting a license to build a large commercial centers due to the lack of cost and ease of procedures compared to other investment projects," adding that "the Commission granted several licenses to build business centers and preparing for another may leave up to 60 in Karkh and Rusafa. "
He Zamili, that "commercial centers which have signed contracts with the owners began operating or in advanced stages achievement, like palm, which will be opened early next August," noting that there are "six other centers will be opened during the current 2015, or the next in 2016, including Baghdad, Babylon For example -Your Alhsr- ".
And on the rest of the commercial centers, said head of the Investment Commission of Baghdad, they "will take some time next to the compound flowers, which will be held on 150 thousand m2, in Rusafa on the fast lane, the largest of its kind in Iraq business as the center," he continued that "the body It is preparing to ratify soon on 25 new commercial center. "
The Zamili, that those "centers are subject to international standards and brands in the selection of shops including, as well as taking into account the environmental terms of trade and other economic aspects," returned to "approved or commercial centers under validation in the capital Baghdad, is not yet sufficient to the needs of citizens, according to see the Ministry of Planning."
The Baghdad Investment Authority, awarded in 2014, the last .295 investment license for a total amount of nearly 14 billion dollars, ranging from residential and industrial, commercial and tourism.
Also noteworthy that the House of Representatives passed in 2006, the Iraqi investment law, which it was said at the time that it would open the doors wide open to foreign investment, due to submit a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears of security reality unstable in Iraq, adding that the law did not give investors the right ownership of the property the project, and equated the Iraqi investors and foreign concessions, with the exception of real estate ownership, as foreigner can lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.
[You must be registered and logged in to see this link.]
Fri Jul 24 2015 20:12 | (Voice of Iraq) - Baghdad
Confirmed the Investment Commission of Baghdad, on Friday, they actually passed or are preparing to leave 60 major commercial center (mall) in the capital, while the demand for it attributed to the low cost and ease of procedures compared to other investment projects, it showed that the number "is not enough" after the needs of citizens According to the vision of the Ministry of Planning.
The head of the body, Shaker al-Zamili, in an interview to the (long-Presse), said that "to go about getting a license to build a large commercial centers due to the lack of cost and ease of procedures compared to other investment projects," adding that "the Commission granted several licenses to build business centers and preparing for another may leave up to 60 in Karkh and Rusafa. "
He Zamili, that "commercial centers which have signed contracts with the owners began operating or in advanced stages achievement, like palm, which will be opened early next August," noting that there are "six other centers will be opened during the current 2015, or the next in 2016, including Baghdad, Babylon For example -Your Alhsr- ".
And on the rest of the commercial centers, said head of the Investment Commission of Baghdad, they "will take some time next to the compound flowers, which will be held on 150 thousand m2, in Rusafa on the fast lane, the largest of its kind in Iraq business as the center," he continued that "the body It is preparing to ratify soon on 25 new commercial center. "
The Zamili, that those "centers are subject to international standards and brands in the selection of shops including, as well as taking into account the environmental terms of trade and other economic aspects," returned to "approved or commercial centers under validation in the capital Baghdad, is not yet sufficient to the needs of citizens, according to see the Ministry of Planning."
The Baghdad Investment Authority, awarded in 2014, the last .295 investment license for a total amount of nearly 14 billion dollars, ranging from residential and industrial, commercial and tourism.
Also noteworthy that the House of Representatives passed in 2006, the Iraqi investment law, which it was said at the time that it would open the doors wide open to foreign investment, due to submit a lot of facilities to foreign investors, but that many foreign companies are still hesitant because of fears of security reality unstable in Iraq, adding that the law did not give investors the right ownership of the property the project, and equated the Iraqi investors and foreign concessions, with the exception of real estate ownership, as foreigner can lease the land for 50 years, subject to renewal, according to paragraph 11 of the Investment Law.
[You must be registered and logged in to see this link.]
