Al-Sudani: The government is indeed moving forward with the launch of 11 new residential cities

Baghdad - INA

Prime Minister Mohammed Shia Al-Sudani confirmed today, Saturday, that the government is moving towards launching 11 new residential cities while indicating that Iraq is witnessing rapid growth, a stage of recovery, and has many promising investment opportunities.

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received a delegation of Egyptian, Saudi and Iraqi businessmen, including Chairman of the Board of Directors of TMG Hisham Talaat Mustafa, Chairman of the Board of Directors of Al-Muhaidib Group Suleiman Abdul Qader Al-Muhaidib, CEO of the group Essam Abdul Qader, Development Director of the group Raed Ibrahim Al-Madihim, Director of Al-Maysara Group Yasser Qasim Zagher and businessman Ahmed Talaat Hani, all of whom specialize in real estate development and the establishment of integrated and smart residential cities, in the presence of the Saudi Ambassador to Iraq Abdulaziz bin Khalid Al-Shammari.".

According to the statement, the Prime Minister called on Egyptian and Saudi company owners to "invest in the field of tourist resorts, hotels and entertainment facilities, as Iraq has many diverse tourist destinations," indicating that "development and progress in Iraq serve the economic interests of the rest of the Arab countries.".

He pointed out that "Iraq is witnessing rapid growth and a phase of recovery, and there are many promising investment opportunities, especially in the field of housing and new city projects, as the country needs about 3 million housing units," stressing that "the government is moving towards building integrated cities that include all sectors, services, entertainment and commercial facilities and are linked to the capital, Baghdad, by an advanced network of transportation routes.".

Al-Sudani explained that "the government has presented projects for five new cities for investment in Baghdad and some governorates, and is moving towards launching 11 new cities, just as it supports successful investment experiences," stressing that "the important thing about modern cities is that they contribute to solving the housing crisis, especially for low-income groups."