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British company submitted to the Basra housing projects worth $ 300 million
Basra, June 24 (Rn) - The head of the Investment Commission of the province of Basra on Friday, said the company "Mayfair" the British offered to the whole investment project involves the construction of an integrated residential city $ 300 million.
Haidar al-Ali Fadel told the Kurdish news agency (Rn) that "the BIC delegation discussed with the Company (Mayfair) details of the British investment project involves the construction of an integrated residential city in the province of Basra."
"The total cost of the project is about $ 300 million, one of the World Bank financing, while the area is estimated at about 30 dunums, including the construction of 500 apartments, restaurants, a supermarket giant, as well as two hotels within the hotel chain (season 4) World."
"The project also includes the establishment of a park-conditioned glass up 40 meters, as well as commercial offices, a theater and an open public park and the building of service-and parking a car with a capacity of 7 thousand."
He pointed out that Fadel, "The project offers numerous facilities to the consumer, including the convenient method of payment in installments for a period of 25 years," stressing that "the investment will be covered by the completion of all belongings and official approvals for the land to be initiated by the project."
The province of Basra (550 km south of the Iraqi capital of Baghdad) an important economic center in Iraq, they have outlets border with Saudi Arabia, Kuwait and Iran, where more than half of the country's oil wealth, as well as it is the only waterway in the country.
Iraq seeks to attract corporate investment into the country to contribute to the reconstruction of the country that suffered from neglect and vandalism over the long years of siege and war.
But these efforts collide with reality security in the troubled country, which raises concerns of the investment companies to enter the Iraqi market.
And formed the National Investment Commission in 2007 after the new law to invest in Iraq, which grants concessions to investors, including Tmenm land held by the projects in order to encourage them to enter the country.
The Authority is responsible for all strategic investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their areas.
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Basra, June 24 (Rn) - The head of the Investment Commission of the province of Basra on Friday, said the company "Mayfair" the British offered to the whole investment project involves the construction of an integrated residential city $ 300 million.
Haidar al-Ali Fadel told the Kurdish news agency (Rn) that "the BIC delegation discussed with the Company (Mayfair) details of the British investment project involves the construction of an integrated residential city in the province of Basra."
"The total cost of the project is about $ 300 million, one of the World Bank financing, while the area is estimated at about 30 dunums, including the construction of 500 apartments, restaurants, a supermarket giant, as well as two hotels within the hotel chain (season 4) World."
"The project also includes the establishment of a park-conditioned glass up 40 meters, as well as commercial offices, a theater and an open public park and the building of service-and parking a car with a capacity of 7 thousand."
He pointed out that Fadel, "The project offers numerous facilities to the consumer, including the convenient method of payment in installments for a period of 25 years," stressing that "the investment will be covered by the completion of all belongings and official approvals for the land to be initiated by the project."
The province of Basra (550 km south of the Iraqi capital of Baghdad) an important economic center in Iraq, they have outlets border with Saudi Arabia, Kuwait and Iran, where more than half of the country's oil wealth, as well as it is the only waterway in the country.
Iraq seeks to attract corporate investment into the country to contribute to the reconstruction of the country that suffered from neglect and vandalism over the long years of siege and war.
But these efforts collide with reality security in the troubled country, which raises concerns of the investment companies to enter the Iraqi market.
And formed the National Investment Commission in 2007 after the new law to invest in Iraq, which grants concessions to investors, including Tmenm land held by the projects in order to encourage them to enter the country.
The Authority is responsible for all strategic investment projects of a federal nature exclusively, while the bodies of the regions and provinces are responsible for investment planning and granting investment licenses in their areas.
[You must be registered and logged in to see this link.]
