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CNN: geographic Arbil security and stability of Switzerland awarded the title of Middle East
09.01.2014 (0:01 pm) - The number of readings: 223 - number (2977)
Baghdad / term
It seems that the hills surrounding the city of Arbil in northern Iraq, the Kurdish capital bustling helped earn its reputation as the Switzerland of the Middle East.
Under the green cover, this scene that prevails in the old, lies the source of prosperity in the region, where there is a lot of oil and gas.
This has helped abundant natural resources combined with the relative stability in northern Iraq, the growth of the real estate boom of luxury, who was born in recent years and which are not insignificant in a country ravaged by three wars and brutal dictatorship, and sectarian tensions frequent over the past three decades.
The head of the company "Otkonzz Group," Iraq, which oversees a series of works in the luxury real estate sector in Erbil, Dean Michael network CNN: "I do not know how to describe it, but it continues to grow."
Michael and supervised the construction of a huge neighborhood consists of several villas include four bedrooms spread over eight million square feet of land to the north of the Kurdish capital, at an estimated cost amounted to 550 million dollars.
The price of the villa, which has an area of 200 square meters, which was sold in 2010 to $ 350 per square meter, bringing the average price in the year 2013, to $ 1.250 per square meter, more than three times the value over three years.
Michael says with confidence: "I think we have the ability to compare modern cities during the period of ten years."
The numbers support these ambitions, recalling the Kurdish regional government that it has attracted $ 20 billion of foreign direct investment, as well as to attract 2,000 companies for investment reasons or for the opening of stores, during the past six years.
After three years of oil prices, which reached an average price of more than one hundred dollars per barrel, the fourth largest city in Iraq, is now enjoying a boom again due to welcome wealthy Syrians, Egyptians and Lebanese fleeing violence and instability in their countries.
For his part, says the general manager of the hotel "Rotana" five star in Erbil, Thomas Thomas, said that "Rotana is a place where you make the local business deals since the hotel opened its doors three years ago."
Thomas adds that "the lobby becomes a kitchen where cooking is all business transactions," adding that "three years ago, we had in Arbil, about 15 to 19 flights a week, and today there are more than 90 flights a week."
But, as the work is booming for affluent people, and not everything is green and fun in Erbil, still hear complaints by traders retarded behind inside the walls of the old castle.
Compared to the situation of chaos and tragedy in the recent past, the city of Erbil, considered on the road to change, and a far cry from the manifestations of violence in other parts of Iraq.
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09.01.2014 (0:01 pm) - The number of readings: 223 - number (2977)
Baghdad / term
It seems that the hills surrounding the city of Arbil in northern Iraq, the Kurdish capital bustling helped earn its reputation as the Switzerland of the Middle East.
Under the green cover, this scene that prevails in the old, lies the source of prosperity in the region, where there is a lot of oil and gas.
This has helped abundant natural resources combined with the relative stability in northern Iraq, the growth of the real estate boom of luxury, who was born in recent years and which are not insignificant in a country ravaged by three wars and brutal dictatorship, and sectarian tensions frequent over the past three decades.
The head of the company "Otkonzz Group," Iraq, which oversees a series of works in the luxury real estate sector in Erbil, Dean Michael network CNN: "I do not know how to describe it, but it continues to grow."
Michael and supervised the construction of a huge neighborhood consists of several villas include four bedrooms spread over eight million square feet of land to the north of the Kurdish capital, at an estimated cost amounted to 550 million dollars.
The price of the villa, which has an area of 200 square meters, which was sold in 2010 to $ 350 per square meter, bringing the average price in the year 2013, to $ 1.250 per square meter, more than three times the value over three years.
Michael says with confidence: "I think we have the ability to compare modern cities during the period of ten years."
The numbers support these ambitions, recalling the Kurdish regional government that it has attracted $ 20 billion of foreign direct investment, as well as to attract 2,000 companies for investment reasons or for the opening of stores, during the past six years.
After three years of oil prices, which reached an average price of more than one hundred dollars per barrel, the fourth largest city in Iraq, is now enjoying a boom again due to welcome wealthy Syrians, Egyptians and Lebanese fleeing violence and instability in their countries.
For his part, says the general manager of the hotel "Rotana" five star in Erbil, Thomas Thomas, said that "Rotana is a place where you make the local business deals since the hotel opened its doors three years ago."
Thomas adds that "the lobby becomes a kitchen where cooking is all business transactions," adding that "three years ago, we had in Arbil, about 15 to 19 flights a week, and today there are more than 90 flights a week."
But, as the work is booming for affluent people, and not everything is green and fun in Erbil, still hear complaints by traders retarded behind inside the walls of the old castle.
Compared to the situation of chaos and tragedy in the recent past, the city of Erbil, considered on the road to change, and a far cry from the manifestations of violence in other parts of Iraq.
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