Baghdad Investment Comission Grants 9 Investing Licenses at a Nominal Value of 642 Million Dollars

BIC has hold today, Thursday 7\1\2010, a meeting of the board of directors. The council discussed the most important issues that concern investment in Baghdad. It has granted 9 investment licenses at an estimated coast that reaches 642 million dollars. These projects are distributed in various investment sectors, the most important of which have been three investing housing projects at an estimated coast 234 million dollars, a 5-stars hotel that will coast 120 million dollars, an entertainment compound with a Game Poles in 9-Nissan area , finally a special – needs institution and an Iraqi-German hospital for bone-surgery technology.

imageThe housing unites that the Commission has granted will provide more than 7850 housing unites. BIC's program includes solving housing crisis in Baghdad as its priority. The commission have been working to grant investment licenses for projects in Baghdad since a year, it has granted during this period projects at an estimated coast of one billion and six hundred and sixty million dollars.