Hue Mi
01-01-2009, 10:33 PM
http://74.125.19.113/translate_c?hl=en&sl=ar&tl=en&u=http://sotaliraq.com/iraqnews.php%3Fid%3D32967&usg=ALkJrhhNQ_SV9QTcaboBJ8T2GKAiwZZ1Gg
(Voice of Iraq) - 01-01-2009
http://www.krg.org/grafik/draw_image.aspx?intMaxHeight=220&intWidth=220&strImage=/grafik/uploaded/herish_muharam__2008_07_03_h23m14s33.JPG Dubai - Fri Akash
KORDI official said a high-level "that the timetables for the implementation of real estate and tourism projects, worth billions of dollars, in the territory of Iraqi Kurdistan in 2008, was not affected by the financial crisis plaguing the global real estate markets in neighboring Gulf states and cities."
He said that "all projects go as planned, with the exception of the draft, DAMAC Properties, the UAE company, which was late in starting the process of settling the land a result of the unloading and delivery."
2008 saw the largest influx of investment into the territory of Iraqi Kurdistan in its history, thanks to security and stability, and investors digested the size of the facilities Almansosp in the Investment Law No. 4 of 2006, which gives them ownership of land and real estate by 100%, and exemption from taxes for 10 years, and the free movement of capital to and from the territory.
16 billion U.S. dollars in investments
In a telephone conversation from Erbil, a head of the investment in the territory of Iraq, Kurdistan Hersh Muharram Muhammad - the "market. Net" - the total volume of investments in the region arrived in 2008 to 16 billion dollars, with an investment of 8 billion came from the Gulf region, announced by the private sector companies, said it is committed to its implementation over the coming years. "
Did not start any of those projects, the implementation of Gulf companies established in Kurdistan, including the UAE, DAMAC Properties, which owns the largest private sector investment in the region worth 6 billion dollars.
Hersh says - in this respect - "The DAMAC launched a tender for a secondary contractors to start implementing the project, and is currently completing the procedures of unloading and delivery of the ground."
The billionaire owner of the UAE's Sajwani, "DAMAC" project was launched, "Tareen hills" in the first Gulf investment flows to a large Kurdish territory worth 6 billion dollars, including luxury villas and towers and services projects on the city of Arbil, one of the parties, and started his company from Dubai, and subtracting the units of limited real estate for sale months ago.
Large projects
He was Kurdish and Iraqi investors, with foreign partners have contributed to a large real estate projects in the booming real estate sector, some of which are carried out, while other projects still under implementation, including a large commercial project financed by the center of the capital Arbil, contains hundreds of centers, retail space as large as the Mall of the Emirates in Dubai , and housing projects, including: American Village project, the Canadian and the village, and there is a project idea is similar to Solidere, Lebanon cost billions of dollars. "
The Iraqi Kurdish businessman Chuan Mullah project launched in 2006 "Empire and the World", a real estate project, the total estimated cost of $ 350 million U.S. dollars, aims to provide the necessary infrastructure for regional and international companies to establish rules for their operations in the region.
As a businessman, was the Iraqi, Anwar al-Yasiri, director of television production, Dubai Media City "Erbil Media City", which is estimated to cost 400 million dollars for the first phase, and contribute to the Government of the Territory by 60% and 40% of Dubai, and this project was to strengthen the position of the territorial and economic investment.
Opportunity to invest
According to Hersh, who works for the functions of the Minister of Investment, "The Gulf investments began to scramble over the territory since the beginning of the year 2008, and was able to occupy a prominent place among the total volume of investment."
He adds, "In light of the circumstances of the global financial crisis, which did not affect the Kurdistan opportunity for companies and businessmen to travel to Kurdistan."
The territory of Kurdistan is not linked directly with the global economy through trade agreements and independent investment funds and capital markets, and affected by the crisis only through its stake in the Iraqi budget, the decline in oil prices in global markets.
The Kurdish official, leading the United Arab Emirates train investment, and is ranked first, followed by Kuwait, Saudi Arabia has had to sign any investments.
(Voice of Iraq) - 01-01-2009
http://www.krg.org/grafik/draw_image.aspx?intMaxHeight=220&intWidth=220&strImage=/grafik/uploaded/herish_muharam__2008_07_03_h23m14s33.JPG Dubai - Fri Akash
KORDI official said a high-level "that the timetables for the implementation of real estate and tourism projects, worth billions of dollars, in the territory of Iraqi Kurdistan in 2008, was not affected by the financial crisis plaguing the global real estate markets in neighboring Gulf states and cities."
He said that "all projects go as planned, with the exception of the draft, DAMAC Properties, the UAE company, which was late in starting the process of settling the land a result of the unloading and delivery."
2008 saw the largest influx of investment into the territory of Iraqi Kurdistan in its history, thanks to security and stability, and investors digested the size of the facilities Almansosp in the Investment Law No. 4 of 2006, which gives them ownership of land and real estate by 100%, and exemption from taxes for 10 years, and the free movement of capital to and from the territory.
16 billion U.S. dollars in investments
In a telephone conversation from Erbil, a head of the investment in the territory of Iraq, Kurdistan Hersh Muharram Muhammad - the "market. Net" - the total volume of investments in the region arrived in 2008 to 16 billion dollars, with an investment of 8 billion came from the Gulf region, announced by the private sector companies, said it is committed to its implementation over the coming years. "
Did not start any of those projects, the implementation of Gulf companies established in Kurdistan, including the UAE, DAMAC Properties, which owns the largest private sector investment in the region worth 6 billion dollars.
Hersh says - in this respect - "The DAMAC launched a tender for a secondary contractors to start implementing the project, and is currently completing the procedures of unloading and delivery of the ground."
The billionaire owner of the UAE's Sajwani, "DAMAC" project was launched, "Tareen hills" in the first Gulf investment flows to a large Kurdish territory worth 6 billion dollars, including luxury villas and towers and services projects on the city of Arbil, one of the parties, and started his company from Dubai, and subtracting the units of limited real estate for sale months ago.
Large projects
He was Kurdish and Iraqi investors, with foreign partners have contributed to a large real estate projects in the booming real estate sector, some of which are carried out, while other projects still under implementation, including a large commercial project financed by the center of the capital Arbil, contains hundreds of centers, retail space as large as the Mall of the Emirates in Dubai , and housing projects, including: American Village project, the Canadian and the village, and there is a project idea is similar to Solidere, Lebanon cost billions of dollars. "
The Iraqi Kurdish businessman Chuan Mullah project launched in 2006 "Empire and the World", a real estate project, the total estimated cost of $ 350 million U.S. dollars, aims to provide the necessary infrastructure for regional and international companies to establish rules for their operations in the region.
As a businessman, was the Iraqi, Anwar al-Yasiri, director of television production, Dubai Media City "Erbil Media City", which is estimated to cost 400 million dollars for the first phase, and contribute to the Government of the Territory by 60% and 40% of Dubai, and this project was to strengthen the position of the territorial and economic investment.
Opportunity to invest
According to Hersh, who works for the functions of the Minister of Investment, "The Gulf investments began to scramble over the territory since the beginning of the year 2008, and was able to occupy a prominent place among the total volume of investment."
He adds, "In light of the circumstances of the global financial crisis, which did not affect the Kurdistan opportunity for companies and businessmen to travel to Kurdistan."
The territory of Kurdistan is not linked directly with the global economy through trade agreements and independent investment funds and capital markets, and affected by the crisis only through its stake in the Iraqi budget, the decline in oil prices in global markets.
The Kurdish official, leading the United Arab Emirates train investment, and is ranked first, followed by Kuwait, Saudi Arabia has had to sign any investments.