Baghdad awaiting 5 huge commercial complexes within months and «Mansour Mall» occupies 6 thousand wo

Baghdad awaiting 5 huge commercial complexes within months and «Mansour Mall» occupies 6 thousand workers

Haider Ali Jawad - 07/18/2013 - 9:56 p

|Investment Authority, Baghdad confirmed the opening of five new central malls such as Mall Mansour, who said he served about 6000 thousands of workers, while predicted rising purchasing power to the Iraqis to about 12 thousand dollars in the coming years .

But the body, Iraqi businessmen, the Ministry of Commerce accused of failing to open or revitalize markets in central Baghdad, for unknown reasons
He also revealed that investment companies and owners of capital funds of banks working in Baghdad, but the red tape and lack of professionalism in the private banks hamper further growth .

Shaker said Zamili chief investment Baghdad for "the world" that "business is much improved in Baghdad because of the improved economic movement in the country, according to estimates of the World," and pointed out that "the rate of per capita income reached $ 4,900 this year, is expected to arrive during the past the next three to 12 thousand dollars if they passed laws regarding amendment salaries . "

Zamili added that "the citizen's purchasing power has increased in the recent period, prompting investors to launch commercial projects in Baghdad and other provinces, despite the fact that the investment law to impose high fees on them." He added that "profits generated by such projects invites investors to demand for commercial centers and malls . "

In a related matter, Zamili stressed that "Mansour Mall occupies about two thousand of the workforce, and twice that number of indirect jobs . "

"The central market enjoys a privileged area of good, and the task of the opening is not difficult, as the promotion is going, however, does not care for this market, and the reasons are unknown to us . "

Zamili pointed out, "there are five malls in Baghdad, like Mansour Mall, where work is still ongoing, and it is hoped opened successively." "These malls are Mall palm on Palestine Street, which will be opened by the end of the year, and the Mall of Harthiya will open part of the beginning of the year 2014, it consists of 30 floors, and will open the hotel from the beginning of 2015, will also be the opening of malls other at frequent intervals of the dates mentioned . "

On the other hand, said Hussein al-Asadi, an economist, in a statement to "the world" that "the Iraqi investment in the private sector lacks capital, because the capital is still weak." For his part, counting Mohammed Jamil, secretary Mall Harthiya investor, that "the most important problems facing the investor in Iraq is a State-owned banks that require guarantees for the required amount borrowed." He told the "world" that "in spite of providing these guarantees but they (banks) are delaying the loan because of administrative routine . "

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