Prime Minister Mohammed Shia Al-Sudani called on Egyptian and Saudi company owners today, Saturday, to invest in the field of tourist resorts, hotels and entertainment facilities.
The Prime Minister’s Media Office stated in a statement received by Al-Rasheed that “Al-Sudani received a delegation of Egyptian, Saudi and Iraqi businessmen, including; Chairman of the Board of Directors of TMG Company Hisham Talaat Moustafa, Chairman of the Board of Directors of Al-Muhaidib Group Suleiman Abdul Qader Al-Muhaidib, CEO of the group Essam Abdul Qader, Director of Development in the group Raed Ibrahim Al-Madhiem, Director of Al-Maisarah Group Yasser Qasim Zagher, and businessman Ahmed Talaat Hani, all of whom specialize in real estate development and the establishment of integrated and smart residential cities, in the presence of the Saudi Ambassador to Iraq Abdulaziz bin Khalid Al-Shammari.”
He added, “Al-Sudani called on Egyptian and Saudi company owners to invest in the field of tourist resorts, hotels and entertainment facilities, as Iraq has many diverse tourist destinations, indicating that development and progress in Iraq is in line with the economic interests of the rest of the Arab countries.”
Al-Sudani pointed out, according to the statement, that “Iraq is witnessing rapid growth and a stage of recovery, and there are many promising investment opportunities, especially in the field of housing and new city projects, as the country needs about 3 million housing units,” stressing that “the government is moving towards building integrated cities that include all sectors, services, entertainment and commercial facilities, and are linked to the capital, Baghdad, by an advanced network of transportation routes.”
Al-Sudani explained that “the government has presented projects for five new cities for investment in Baghdad and some governorates, and it is moving towards launching 11 new cities, just as it supports successful investment experiences,” stressing that “what is important about modern cities is that they contribute to solving the housing crisis, especially for low-income groups.”
