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Basra Investment studying six projects in the sectors of trade and housing at a cost of $ 292 million

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Basra Investment studying six projects in the sectors of trade and housing at a cost of $ 292 million

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By: editor
Date: Friday 10/12/2012 09:54 pm




Basra Investment Commission announced completed a study of three important projects at a cost of up to $ 222 million, while confirming it is considering three other projects at an investment cost of up to $ 70 million.


While showed that those projects submitted by local and foreign investors, confirmed that it will be presented to the board in order granted investment licenses to directly in the implementation.

The head of the Basra Investment Commission behind Badran that "section on economic and technical with the Commission, conducted over the past month, an integrated study of the technical and economic for three projects submitted by local and foreign investors in the sectors of trade, housing up costing investment limits 221940699 dollars."

He said the "first project is complex Crown Mall in the commercial sector, at an investment cost of 832.700 U.S. dollars, and the second is the Burj Lion of Babylon from a company emirate Iraqi and Yobe or the British, at an investment cost of 21,107,999 dollars, and the third city Aelchenachel residential provider of investor satisfaction Ibrahim Saleh investment cost of $ 200,000,000 dollars. "

And on the licensing of such projects, among Badran "It will be presented to the board in order to vote for granted an investment license to enable the investor to direct the implementation of the project"

As regard to other projects, said head of the Basra Investment Commission said that "the same section, please study of three projects in the residential and commercial sectors Astosmaraa cost up to $ 70 million."

Explaining that "first project is a complex palm residential, submitted by the company Hugh Iraqi, at an investment cost of 69,232,200 dollars, and legislator second is commercial building - Kendala submitted by the investor Maytham Faisal Mohsen investment cost amounting to 407.900 dollars, and legislator latter is Fayhaa Mall submitted by the investor Hadi mercy on an investment cost of $ 3166666.

The main technical study of the projects which are being Department of Economic and art with the Commission, executive summary of the study project, schedule and architectural plans vertical Kalmsaqt and planned reality interfaces and developmental study commissioned construction and environmental impact.

The studied a dedicated staff includes engineers of all disciplines both by specialization out an extensive study and the delivery of the project to the final stage where ready to receive the investment license after the completion of the technical requirements.

As for the economic side, summarized a study project on financial details and Note study total capital and fixed capital and working capital, and to study the expected project revenues, operating expenses for the study project, the amount of net profit during the year or during the years of the life of the project.

As projects are evaluated and the statement of financial indicators after the completion of all economic observations and then evaluate the project economically through the study of the recovery period, which represents the amount of time to recover capital.


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