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Long-Presse / Baghdad
Authority announced the investment of Baghdad, on Friday, granting 35 leave for Gaza hotel, most notably for "Rotana", while showed that the percentage of achievement in the hotel at a cost of 167 billion dinars, exceeded 65 percent, and it likely accomplished the end of 2014, criticized the mechanism of by the government committee in charge of the sale and lease of state funds that have caused the decline in working in the hotel sector.
The head of the Baghdad Investment Authority, Shaker Zamili, in an interview to the (long-Presse), "The company Rotana has initiated since early 2011, working in Baghdad after being tried her luck in the Kurdistan region and the province of Karbala in a bid to achieve good investments in Iraq," noting that "the company is specialized work and the hotel has achieved many successes in most of the Arab and foreign countries."
He Zamili, that "the project Rotana Hotel, which is currently being implemented within the complex Harthiya commercial, west of Baghdad, on an area of 15 thousand 500 square meters, is a five-star, and consists of 30 floors, featuring a stand vertically for cars of three floors, as well as the center Medical specialist, "noting that" the total cost of the project is 167 billion dinars. "
The head of the Investment Commission of Baghdad, that "the proportion of work in the hotel exceeded the 65 percent currently, reaching its work to the 21st floor," pointing out that "the work on the project will hopefully be completed next year-end 2014."
He said Zamili that "the hotel will be a world-class similar to those enjoyed by Rotana hotel chain, scattered across the Arab and foreign countries," stressing that "the Baghdad Investment Commission granted so far 35 investment license for the sector hotel across the capital and in various grades and varieties, but most notably Rotana of in terms of space and cost. "
The prime Investment Authority, Baghdad, that "the body is now engaged to rehabilitate the big hotels in the capital, including the Sheraton and Babylon, through the granting of investment licenses to qualify under the terms of the mechanisms contributing sector with the government."
He attributed Zamili "dropped some investors to work in the hotel sector to the mechanisms adopted by the State Committee in charge of the sale and lease of state funds, which includes the General Secretariat of the Council of Ministers, the Secretariat of Baghdad, and the Department of Property Country and Investment Authority, Baghdad," and continued that "Article VII of the law stipulates that the investor pays 10 percent of the value of the investment allowance rent during the first three years of work, and after five years, pay five percent of the value of the land rent allowance per year, it has up to one billion dinars. "
President promised Baghdad Investment Commission, that this "mechanism costing investors a lot of money, and potentially dangerous, which led to a significant decline in the demand for hotel investment sector, especially that who wish to work in this sector are primarily looking for a profit basis."
The Baghdad Investment Authority, confirmed earlier that it and since its inception, was granted about 250 leave varied between sectors of housing, industrial and tourism and health, indicating that most of those licenses have been carried out, and that the value of almost $ 11 billion dollars, and made about 16 thousand jobs.
The parliament passed, in October of 2006 investment law, which it was said at the time that it would open the doors to foreign investment due to submit a lot of facilities to foreign investors and equated the Iraqi investors and foreign investment in all liens except owns the property the project text in paragraph 11 that he foreign investor can lease land for 50 years, subject to renewal, but he is not entitled to possession.
The company Rotana, announced in (the fourth of December, 2013 Current), announced the opening of its first hotel in Karbala, five-star "does not offer alcoholic beverages," While the show that it would usher in similar projects are the first in the capital Baghdad, attributed this to the fact that Iraq became "more of the markets that are expected to emerge about a huge" in the Middle East, to be "an attractive point for huge amounts" of investments.
The company Rotana has already opened a hotel five-star, in the capital of the Kurdistan Region, Erbil (360 km north of Baghdad), in the (February 13, 2011 the past), but it serves alcoholic beverages, also plans to open another in Sulaimaniya, (364 km northeast of Baghdad), at a later date, according to sources tourist county.
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