Iraq Construction News: Baghdad has its first modern mall whose construction cost $35 million

The Baghdad Investment Commission has inaugurated a new specialist shopping mall, the largest of its kind in Iraq.

 

The retail center, which cost 35 million, is located in the smart Baghdad neighborhood of Mansoor.

 

It specializes in indoor and outdoor shopping with four floors housing some of the world’s most famous commercial brands.

 

The mall was the largest construction adventure undertaken by the commission and represented one of the biggest private sector investment schemes in the capital.

 

The commission’s head Shakir al-Zamil said he recently authorized the construction of 2600 housing units for the Ministry of Higher Education and Scientific Research.

Private and foreign investments are pouring into Baghdad, he said, despite the latest upsurge in violence.

 

Zamil said 14 more projects under construction by private entrepreneurs were to be completed soon.

 

“The commission is currently negotiating the launch of 30 new projects by private investors in Baghdad,” he added.

Source: Azzaman