By John Lee.
Iraqi Prime Minister Mohammed Shia' Al Sudani met with a delegation of Egyptian, Saudi, and Iraqi business leaders specializing in real estate development and integrated smart cities.
The delegation included Hisham Talaat Moustafa, Chairman of Egypt's Talaat Moustafa Group (TMG); Suleiman Abdul Qader Al-Muhaidib, Chairman of Saudi Arabian Al-Muhaidib Group, along Essam Abdul Qader, CEO of the group and Raed Ibrahim Al-Mudaheem, Development Director of the group; Yasser Qassem Zghair, Director of Al-Maysarah Group; and businessman Ahmed Talaat Hani.
According to a statement from the Prime Minister's office, the delegates specialise in real estate development and the establishment of integrated and smart residential cities. The meeting was attended by the Saudi ambassador to Iraq, Mr. Abdulaziz bin Khalid Al-Shammari.
Prime Minister Al Sudani invited the business leaders to invest in Iraq's tourism sector, highlighting the country's diverse tourist destinations. He emphasized that Iraq's development aligns with the economic interests of other Arab nations.
He noted that Iraq is undergoing rapid growth and recovery, presenting numerous investment opportunities, especially in housing and new city projects. The country requires approximately three million housing units, and the government is focused on building integrated cities with comprehensive services and amenities, connected to Baghdad by an advanced transportation network.
Al Sudani announced that the government has offered projects for five new cities in Baghdad and other provinces, with plans to launch 11 more cities. These projects aim to address the housing crisis, particularly benefiting low-income groups.
(Source: PMO)
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