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Iraqi Ambassador: return of Kuwaiti property to their owners or compensation
27 January 2013 07: 08 am Last updated: 27 Jan 2013 07: 08 am
Iraqi
Ambassador to Kuwait Mohammed Bahr Al-uloum that Kuwait's investments
in Iraq pumped timidly and do not meet ambitious pointing out that
Kuwaitis who run that security conditions are not satisfied and the
contrary fact hoping to increase Kuwaiti investment in Iraq more than it
is now.
Bahr Al-Ulum said in the inauguration of the Dar
al-Kawthar Al-rawdatain project marketing real estate in Iraq costs of $
150 million, that the Iraqi Government would compensate affected all
Kuwaiti citizens who have real property in Iraq if there is a
confiscation of property owned by them either return or compensation for
pointing out that Iraqi courts adjudicate all issues professionally
saves everyone's rights.
There was a decision by the Iraqi
Council of Ministers finally lifting any book on Kuwaiti property
stipulates that all real estate owned by Kuwaitis are free to dispose of
it.
And invited all of the Kuwaitis who have real property in
Iraq review the Ministry of Foreign Affairs of Kuwait, where some owners
have begun actively reviewing their property in Iraq and reassuring
them and also update their own property and also selling operations.By
home
Real estate documentsThe real estate documents
belonging to the Kuwaiti untouched and are reserved in the records of
the Government of Iraq and the right of our fellow citizens we preserve
and can not affect.
Commenting on the approval of the Council of
nation on rescheduling the debts Iraq Kuwait Airways, Bahr Al-Ulum said
it was rescheduling the debt settlement process, but, as it is the
product of a political understanding between the Kuwaiti and Iraqi
sides, was reached that settlement and compensation «Kuwait» $ 500
million in exchange for dropping all claims on Iraqi Airways.
The
science revealed that the Iraqi side an amount of 500 million dollars
in the Bank at once for the Kuwaiti side was notified that, «Kuwait»
currently drop cases through the courts wish to conclude in the near
future and that the Bank would release the full amount once notified of
the Kuwaiti party waiver cases against Iraqi Airways.
Kuwaiti investmentsAnd
invited Kuwaiti companies that have a role in Iraq's future investments
that require the efforts of many investors in the region, pointing out
at the same time that Kuwaiti investor carefully and examine the entry
in other markets very carefully.
Bahr Al-Ulum called on all
investors to enter the Iraqi market, and that market is now enjoys the
opportunities will not see it after 10 years, pointing out that Iraq
needs three million housing units in most provinces and in need of
investors.
[You must be registered and logged in to see this link.]
27 January 2013 07: 08 am Last updated: 27 Jan 2013 07: 08 am
Iraqi
Ambassador to Kuwait Mohammed Bahr Al-uloum that Kuwait's investments
in Iraq pumped timidly and do not meet ambitious pointing out that
Kuwaitis who run that security conditions are not satisfied and the
contrary fact hoping to increase Kuwaiti investment in Iraq more than it
is now.
Bahr Al-Ulum said in the inauguration of the Dar
al-Kawthar Al-rawdatain project marketing real estate in Iraq costs of $
150 million, that the Iraqi Government would compensate affected all
Kuwaiti citizens who have real property in Iraq if there is a
confiscation of property owned by them either return or compensation for
pointing out that Iraqi courts adjudicate all issues professionally
saves everyone's rights.
There was a decision by the Iraqi
Council of Ministers finally lifting any book on Kuwaiti property
stipulates that all real estate owned by Kuwaitis are free to dispose of
it.
And invited all of the Kuwaitis who have real property in
Iraq review the Ministry of Foreign Affairs of Kuwait, where some owners
have begun actively reviewing their property in Iraq and reassuring
them and also update their own property and also selling operations.By
home
Real estate documentsThe real estate documents
belonging to the Kuwaiti untouched and are reserved in the records of
the Government of Iraq and the right of our fellow citizens we preserve
and can not affect.
Commenting on the approval of the Council of
nation on rescheduling the debts Iraq Kuwait Airways, Bahr Al-Ulum said
it was rescheduling the debt settlement process, but, as it is the
product of a political understanding between the Kuwaiti and Iraqi
sides, was reached that settlement and compensation «Kuwait» $ 500
million in exchange for dropping all claims on Iraqi Airways.
The
science revealed that the Iraqi side an amount of 500 million dollars
in the Bank at once for the Kuwaiti side was notified that, «Kuwait»
currently drop cases through the courts wish to conclude in the near
future and that the Bank would release the full amount once notified of
the Kuwaiti party waiver cases against Iraqi Airways.
Kuwaiti investmentsAnd
invited Kuwaiti companies that have a role in Iraq's future investments
that require the efforts of many investors in the region, pointing out
at the same time that Kuwaiti investor carefully and examine the entry
in other markets very carefully.
Bahr Al-Ulum called on all
investors to enter the Iraqi market, and that market is now enjoys the
opportunities will not see it after 10 years, pointing out that Iraq
needs three million housing units in most provinces and in need of
investors.
[You must be registered and logged in to see this link.]
