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The National Investment Commission signs a contract with a Saudi company to construct "Baghdad Avenue"
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Economy News / Baghdad
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Added 04/19/2023 - 4:47 PM
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Economy News / Baghdad
The Chairman of the National Investment Commission, Haider Muhammad Makiya, announced, on Wednesday, the signing of the investment contract for the construction and construction of the Baghdad Avenue project, in its residential and commercial parts, in areas around Baghdad International Airport, with the Saudi Al-Arifi Group Company.
Makiya said in a statement that "the government is continuing its policies towards strengthening the investment environment and the importance of holding Arab and foreign partnerships aimed at developing the quality of national projects that are close to international experiences and in a manner that achieves the requirements of national economic development and the provision of housing service."
He added that "Baghdad Avenue is one of the strategic projects, including residential service on both sides, vertical and horizontal, commercial and service facilities, and public facilities," noting that "the plans and engineering designs for the project have been approved by the Municipality of Baghdad."
Makiya continued, "The National Commission is keen to develop the Iraqi investment sector by implementing the policy of opening up to specialized companies in the countries of the region and the world, and coordinating by holding exhibitions of investment opportunities and joint workshops with local and foreign sectoral bodies."
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