With the New Designs that Meets the Modern Life Requirements
NIC Announces the Project of Developing Al- Rasheed Military Camp for Investment
The National Investment Commission announced the project of developing Al-Rasheed
Military camp (formerly) as five investment opportunities (residential, commercial, sport, health and entertainment) through three modern designs made according to international standards that meet the requirements of modern life and that are prepared by the engineers of the Ministry of Construction and Housing and the University of Technology.
NIC chairman, Dr. Sami Al-Araji confirmed in a press conference held at the NIC premises on Sunday, 22/7/2012 that the NIC had approached a number of specialized international companies to invest in these five investment opportunities moreover, any investor can participate in this vital project which is announced through NIC official website: www.investpromo.gov.iq for a period of 60 days from announcement date. The project will be implemented through direct investment while selling will be according to supply and demand basis.
NIC chairman, Dr. Sami Al-Araji indicated that the three submitted designs will meet specific criteria for implementation, building from (50-70) thousand vertical housing units of four areas (120 m2 ,140 m2 160 m2 ,220 m2 ) within ten –floor buildings beside five thousand separated horizontal units composed of two to three floor for each .
He added that the business area will include commercial centers , malls ,five star –hotels with cultural centers and movie theaters .
In the medical side the rehabilitation and development will be done to Al-Rasheed former military hospital beside building new medical complex with a capacity of one thousand beds, a medical college in coordination with the Ministry of Health and the Ministry of Higher Education.
As far as the entertainment side is concerned new complex will be built, entertainment parks as well as developing Tigris Cornish, water city with hotels, construction of main stadium with a capacity of ( 60) thousands spectators and a secondary one with a capacity of (10) thousands spectators with multi – purpose halls and Olympic swimming pool.
At the end of the conference a detailed presentation was presented about the three modern designs made by officials from Engineering department and the National Center for Engineering Consultations in the Ministry of Construction and Housing.