$515m Investment Licences Granted in Baghdad

The Chairman of Baghdad Investment Commission, Shaker al-Zamili [Shaker A Shabib] (pictured), has announced that five investment licences worth $515 million have been granted:

  • a residential complex in Ghazaliya for employees of the Office of the Financial Supervision;
  • a residential complex in Zafaraniya;
  • a gynecological hospital in Cairo neighbourhood;
  • a surgical hospital in Waziriya;
  • a $100-million, five-star hotel in Kadhimiya city.

The two residential projects are valued at $370 million, while the hospitals have a combined value of $45 million.

(Sources: Aswat al-Iraq, AIN)

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