A UAE company has been granted a license to renovate and develop it. Central markets are returning to work
Baghdad / Range
Thirteen years and the central market buildings of the Ministry of Commerce are neglected at a time when vendors are crowded on sidewalks in an uncivilized situation, which necessitates the rehabilitation or supply of these malls for investment or rent. In accordance with this principle, the Higher Ministerial Committee for Reconstruction and Investment has granted an investment license to an Emirati company to develop and implement commercial market centers according to the approved regulations, which was prepared by the financial adviser to the Prime Minister.
There are many central markets in Baghdad that have been shut down since 2003 due to looting. The goods and goods of these markets were subsidized by the state, which made it a large turnout of citizens, including the markets (Mansour - the district of justice - the neighborhood of Amel - Shaab - Mustansiriya - Rashid Street - Salhiya, in addition to the presence of many in the provinces.
The media office of Prime Minister Haider al-Abbadi said in a statement received (copy) that a meeting of the High Committee for Reconstruction and Investment held the weekend, discussed a number of vital issues, and issued the necessary decisions thereon, noting that among the most important of these decisions the granting of a license For the development and implementation of commercial markets centers.
Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh said in an interview with (the range) that "DAMAC" of the famous big companies, the first in the establishment of markets and large commercial facilities, has been granted a license to develop and rehabilitate the Iraqi central markets in accordance with the investment law, under Article 14 of the General Budget Law for the year 2018, which allows for joint investment between the State and the private sector, whether local or foreign, adding: In accordance with this item was granted this company license investment in Iraq to the central markets, especially the recent devastated, and investment makes it a lot of reconstruction and operation and create new markets, not to mention Being an investment renaissance Beer of the country.
He added: The involvement of such a company in the establishment of projects in Iraq will make room for other productive projects, and gives a positive signal of foreign investment in Iraq, and the reconstruction of broken and disabled facilities over 14 years is important, as it will contribute to the operation of many Iraqi labor, In addition to activating the movement of the local market and industry, by supplying these markets with local or imported products. On the other hand, this company in the event of an investment climate conducive to investment will enter into other investment projects, whether in the field of housing or the fields of industry and infrastructure, which means it is a primary opportunity for larger projects in the future.
Saleh said that these initiatives to work with large companies give a positive signal to improve the investment climate in Iraq, especially that there is a large investment map in Iraq containing all the areas that can be seen by the National Investment Commission, and to alleviate the obstacles facing investors, And investment, which is a leading leadership force headed by Abadi to facilitate the functions of investment at the level of the country and the tasks of foreign investors to establish major strategic projects across the provinces serving Iraq, the federal as a whole, such as railways and ports infrastructure infrastructure and each project This Council aims to address all obstacles and to monitor, monitor and facilitate the work of investors, as it protects the foreign investment, especially the support of strategic investment.
DAMAC has been a leading real estate developer in the Middle East since 2002 and has been developing luxury residential, commercial and leisure properties across the region in the United Arab Emirates, Saudi Arabia, Qatar, Jordan, Lebanon and the UK.
There are many central markets in Baghdad that have been shut down since 2003 due to looting. The goods and goods of these markets were subsidized by the state, which made it a large turnout of citizens, including the markets (Mansour - the district of justice - the neighborhood of Amel - Shaab - Mustansiriya - Rashid Street - Salhiya, in addition to the presence of many in the provinces.
The media office of Prime Minister Haider al-Abbadi said in a statement received (copy) that a meeting of the High Committee for Reconstruction and Investment held the weekend, discussed a number of vital issues, and issued the necessary decisions thereon, noting that among the most important of these decisions the granting of a license For the development and implementation of commercial markets centers.
Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh said in an interview with (the range) that "DAMAC" of the famous big companies, the first in the establishment of markets and large commercial facilities, has been granted a license to develop and rehabilitate the Iraqi central markets in accordance with the investment law, under Article 14 of the General Budget Law for the year 2018, which allows for joint investment between the State and the private sector, whether local or foreign, adding: In accordance with this item was granted this company license investment in Iraq to the central markets, especially the recent devastated, and investment makes it a lot of reconstruction and operation and create new markets, not to mention Being an investment renaissance Beer of the country.
He added: The involvement of such a company in the establishment of projects in Iraq will make room for other productive projects, and gives a positive signal of foreign investment in Iraq, and the reconstruction of broken and disabled facilities over 14 years is important, as it will contribute to the operation of many Iraqi labor, In addition to activating the movement of the local market and industry, by supplying these markets with local or imported products. On the other hand, this company in the event of an investment climate conducive to investment will enter into other investment projects, whether in the field of housing or the fields of industry and infrastructure, which means it is a primary opportunity for larger projects in the future.
Saleh said that these initiatives to work with large companies give a positive signal to improve the investment climate in Iraq, especially that there is a large investment map in Iraq containing all the areas that can be seen by the National Investment Commission, and to alleviate the obstacles facing investors, And investment, which is a leading leadership force headed by Abadi to facilitate the functions of investment at the level of the country and the tasks of foreign investors to establish major strategic projects across the provinces serving Iraq, the federal as a whole, such as railways and ports infrastructure infrastructure and each project This Council aims to address all obstacles and to monitor, monitor and facilitate the work of investors, as it protects the foreign investment, especially the support of strategic investment.
DAMAC has been a leading real estate developer in the Middle East since 2002 and has been developing luxury residential, commercial and leisure properties across the region in the United Arab Emirates, Saudi Arabia, Qatar, Jordan, Lebanon and the UK.
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