Iraqi PM lays Foundation Stone for Major Tourism Complex

By John Lee.

The Prime Minister of Iraq, Mr. Mohammed Shia Al-Sudani, has laid the foundation stone for a large tourism complex in Baghdad.

The project includes a large hotel, a residential complex, and various tourism facilities.

The Qatari Investment Holding Company [Estithmar Holding] is leading the project, which marks Qatar's first investment venture in Iraq, according to a statement from the Prime Minister.

During the inauguration ceremony, the Prime Minister expressed his gratitude to the Qatari delegation for their collaboration and the efficient processing of land allocation and investment licenses. He highlighted the following points in his speech:

• The project symbolizes a developmental tourism service in Baghdad, which remains a global focal point across multiple domains.
• Baghdad stands as a hub for commercial, cultural, intellectual, political, and economic activities.
• Diverse projects encompassing infrastructure, services, and residential sectors are being undertaken.
• The substantial cooperation between Iraq and Qatar began during the visit of Sheikh Tamim bin Hamad Al Thani, the Amir of Qatar, to Baghdad.
• The Qatari Holding Investment Company's project will be an architectural landmark that harmonizes with Baghdad's identity, drawing inspiration from history and heritage.
• The government views Arab investment as a gateway to economic integration and emphasizes economic partnerships with Arab and regional countries.
• Iraq offers numerous promising opportunities, with the government extending support and facilitation to serious companies.
• Investment support will extend to projects in Baghdad, provinces, and the Kurdistan region.
• Iraq's economy possesses robust potential and resources, guided by a clear vision.

The Prime Minister concluded by stating that these projects complement the strategic development plan, establishing integrated projects aligned with this vital initiative, which is one of the region's key economic corridors.

(Source: Media Office of the Prime Minister)