By John Lee.
An investment contract has been signed for the Rataj Baghdad health and education project, to be developed in the Ghazaliya district of Baghdad on a 70,000-square-metre site. The signing took place at the National Investment Commission (NIC), with NIC chairman Adel Dakhil Muhammad al-Yasiri and representatives of the investing company in attendance.
The project will be developed by Abraj Al-Rataj for Investment and Real Estate Development, a subsidiary of Al-Kamil Holding Group. Company representatives at the signing included Mustafa Kamil Aboud, chairman of Al-Kamil Holding Group and managing director of Abraaj Al-Rataj, alongside Dr Qutayba Ibrahim Turki and Yousuf Sattar Yousuf, the group's director of legal affairs.
The project will include:
- A specialist addiction treatment hospital, described by the NIC as the first of its kind in Iraq
- A specialist centre for the care, treatment and rehabilitation of people with autism spectrum disorder
- A 100-bed general hospital offering services across multiple specialisms
- An educational scout camp on a six-dunum site for youth skills development
- Two schools to support the education sector
The NIC said the contract reflects its strategy of directing private-sector investment towards priority development sectors.
(Source: National Investment Commission)
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