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KTFA
Clare » July 2nd, 2024
Makiya completes procedures for Rixos Baghdad Hotel with Qatari Real Estate Investment Company
7/2/2024
The Chairman of the National Investment Commission, Haider Mohammed Makiya, has officially completed the procedures for establishing the Rixos Hotel in the capital, Baghdad, with the CEO of the Qatari Real Estate Investment Company.
The Chairman of the Commission confirmed in a statement that “the project comes within the government’s tireless efforts to attract foreign direct investments that enhance Baghdad’s international reputation as a prominent investment destination, as well as enhance investment cooperation between Iraq and Qatar, which is an important step in developing the infrastructure of the tourism sector in the country.”
For his part, the representative of the Qatari company “expressed his confidence in the promising investment opportunities in Iraq, noting that the project will contribute to creating new job opportunities, supporting local economic growth, and an important opportunity to open the doors to international tourism investment.”
It is worth noting that the Rixos Hotel project, which is distinguished by its global reputation for providing luxurious services, will be built on an area of 47,500 square meters and consists of a 23-storey hotel with 22 presidential suites with 308 hotel rooms and 164 residential apartments of different sizes in addition to advanced facilities and services that meet all needs. LINK
Worth $4.5 billion.. Japan sets date for completion of construction of large oil refinery in Basra
7/2/2024
Baghdad – WAA – Wissam Al-Mulla
The Japanese Ambassador to Iraq, Futoshi Matsumoto, announced today, Tuesday, the commencement of the first phase of the project to improve water supplies in Samawah, while setting a date for the completion of the construction of a large oil refinery in Basra.
Worth $4.5 billion.. Japan sets date for completion of construction of large oil refinery in Basra
7/2/2024
Baghdad – WAA – Wissam Al-Mulla
The Japanese Ambassador to Iraq, Futoshi Matsumoto, announced today, Tuesday, the commencement of the first phase of the project to improve water supplies in Samawah, while setting a date for the completion of the construction of a large oil refinery in Basra.
Matsumoto told the Iraqi News Agency (INA): “There are Japanese companies seeking to work in Iraq, such as Komatsu, a company that produces construction machines, and it is a very well-known company.”
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He pointed out that “the company is very interested in investing in Iraq, and a delegation from it visited Basra Governorate to find out what machines Iraq needs to provide with high quality.”
Regarding Japanese projects and loans, Matsumoto stressed that “Japanese loans are important to stimulate the Iraqi economy to give the government an opportunity to bring in more Japanese companies, especially in infrastructure and oil projects.”
He added that “JGC, which is working on building a large oil refinery in Basra, has invested $4.5 billion in the project,” noting that “this will take two years to complete the project, and this requires large loans from Japan, and there are great advantages to Japanese loans.”
Regarding the water supply improvement project in Samawah, the Japanese ambassador explained that “the Japanese company has started the design and the first phase of the project, and we need more than five years to complete it,” indicating that “this project is very important for the people of Samawah, and we are making every effort to implement it.”
Source: Dinar Recaps
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