Home
Investment Real Estate Baghdad, the most expensive globally
SUNDAY, JULY 31, 2011 14:34
Twilight / revealed the national investment, Sunday, for that real estate in the Iraqi capital of Baghdad, is among the most expensive cities in the world, stressing that under-investment in the housing sector goes back to the Iraqi political reasons behind them queue administrative aims to sabotage and stop the wheel of investment in Iraq.
The spokesman said the Investment Authority, Thaer Faili in an interview ( twilight ) that "the real estate in the Iraqi capital Baghdad, is among the most expensive cities in the world, if compared to cities such as Tokyo, rich services and per capita income of up to five times the per capita income of Iraq."
Referred to the Iraqi National Investment Authority announced in, earlier, for negotiating with ten international companies to create a million housing units in all governorates of Iraq and the Kurdistan region, indicating that the share capital of the residential units will be 224 thousand units.
The Faili that "most of the parties in the government and the House of Representatives are determined to create the ground for large investment projects in all sectors including the housing sector," adding that "there is a queue managed by a terrorist is made obstacles and puts obstacles in front of investors in order to stop the wheel of investment and development in Iraq for political purposes."
The Iraqi parliament approved in October of 2006, the Iraqi investment law, which it was said at the time that it will open the doors wide open to foreign investment, because many of the facilities provided to foreign investors.
However, many foreign companies are still afraid of the reality of security, instability in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each concession, with the exception of real estate ownership, as can a foreign investor from lease the land for 50 years, renewable, according to paragraph 11 of the Investment Law.
Faili took the capital and the Secretariat of the Ministry of Finance is responsible for non-delivery of land to the Investment Authority and the province of Baghdad for the purpose of establishing units and residential complexes through investment.
It is noteworthy that Iraq suffers from a severe housing crisis due to the increasing number of Iraq's population, compared to the number of residential complexes, in addition to the inability of citizens with limited income from the construction of residential units of its own because of the high cost of land and construction materials.
[You must be registered and logged in to see this link.]
SUNDAY, JULY 31, 2011 14:34
Twilight / revealed the national investment, Sunday, for that real estate in the Iraqi capital of Baghdad, is among the most expensive cities in the world, stressing that under-investment in the housing sector goes back to the Iraqi political reasons behind them queue administrative aims to sabotage and stop the wheel of investment in Iraq.
The spokesman said the Investment Authority, Thaer Faili in an interview ( twilight ) that "the real estate in the Iraqi capital Baghdad, is among the most expensive cities in the world, if compared to cities such as Tokyo, rich services and per capita income of up to five times the per capita income of Iraq."
Referred to the Iraqi National Investment Authority announced in, earlier, for negotiating with ten international companies to create a million housing units in all governorates of Iraq and the Kurdistan region, indicating that the share capital of the residential units will be 224 thousand units.
The Faili that "most of the parties in the government and the House of Representatives are determined to create the ground for large investment projects in all sectors including the housing sector," adding that "there is a queue managed by a terrorist is made obstacles and puts obstacles in front of investors in order to stop the wheel of investment and development in Iraq for political purposes."
The Iraqi parliament approved in October of 2006, the Iraqi investment law, which it was said at the time that it will open the doors wide open to foreign investment, because many of the facilities provided to foreign investors.
However, many foreign companies are still afraid of the reality of security, instability in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each concession, with the exception of real estate ownership, as can a foreign investor from lease the land for 50 years, renewable, according to paragraph 11 of the Investment Law.
Faili took the capital and the Secretariat of the Ministry of Finance is responsible for non-delivery of land to the Investment Authority and the province of Baghdad for the purpose of establishing units and residential complexes through investment.
It is noteworthy that Iraq suffers from a severe housing crisis due to the increasing number of Iraq's population, compared to the number of residential complexes, in addition to the inability of citizens with limited income from the construction of residential units of its own because of the high cost of land and construction materials.
[You must be registered and logged in to see this link.]
