2 New Malls in Baghdad - $54m Investment

The Mayoralty of Baghdad signed on Tuesday two contracts with two companies to set up two malls in the capital at a cost of $54 million.

“The mayoralty of Baghdad has signed a deal with the Dar al-Sabah company to build a mall in the al-Harithiya district at a cost of $42 million [50 billion Iraqi dinars],” according to an official statement received by the Aswat al-Iraq news agency.

The project is to be completed within 3 years.

“The MoB signed another deal with the Amwag company to build the al-Nakhil mall in the area of Palestine Street at a cost of $12 million [15 billion Iraqi dinars],” it added.

The malls will include stores, centers, restaurants and entertainment areas.

(Source: Aswat al-Iraq)