Groundbreaking ceremony marks launch of Baghdad’s ambitious tourism complex
The Prime Minister of Iraq, Mohammed Shia Al-Sudani, has initiated a significant step forward with the commencement of a sprawling tourism complex in the heart of the city.
Spearheaded by the Qatari Investment Holding Company, Estithmar Holding, this venture signifies Qatar’s inaugural foray into Iraq’s investment landscape. The expansive project encompasses a sizeable hotel, a residential enclave, and a host of tourism-centric amenities.
During the inauguration ceremony, Prime Minister Al-Sudani extended his gratitude to the Qatari delegation for their collaborative efforts, particularly in facilitating land allocation and securing investment licenses. He underscored Baghdad’s current role as a nexus for a multitude of activities, including commerce, culture, intellect, politics, and economics.
Iraq, he emphasized, brims with promising prospects, backed by the government’s commitment to supporting and simplifying procedures for vital enterprises.
This initiative holds the promise of revolutionizing Baghdad’s tourism offerings, cementing its position as a global hub spanning various domains. A comprehensive array of endeavors encompassing infrastructure, services, and residential sectors is already underway.
The architectural marvel envisioned by the Qatari Investment Holding Company is set to seamlessly meld with Baghdad’s storied historical and cultural tapestry.
Prime Minister Al-Sudani wrapped up his address by affirming that these projects harmonize with the overarching strategic development plan. These holistic initiatives are aligned with a pivotal undertaking that stands as a cornerstone of the region’s economic corridors.
The reach of investment support extends to ventures across Baghdad, its surrounding provinces, and even the northern expanse of Kurdistan.
Prime Minister Al-Sudani holds a clear and compelling vision, firmly believing in Iraq’s untapped economic potential. This momentous step paves the way for a new era of growth, rejuvenation, and cross-border collaboration, positioning Baghdad at the forefront of transformative development.
