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Dreams of Babylon Rising
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BAGHDAD | Al-Rasheed Residential Complex | NEVER BUILT

Cabinet approves the referring of Al Rasheed complex to a UAE company


General Secretariat of Iraqi Cabinet approved referring Al Rasheed residential complex to a UAE company at a cost exceeding $ 20 billion and confirmed that it would present the infrastructure project on to next Cabinet which was not adopted by the last because of its great importance in reconstruction of Iraq.

UN Secretary-General of the Cabinet ,Ali Al Alaak , said that this project is one of the largest investment projects in Iraqi history and the region which total cost is more than $ 20 billion and that this project constitutes the first experience in Iraq, according to the new investment law.

Adding according to the importance of this project its gone through complex phases so its implementation is given to eligible major companies so the presentations study and discussions with the companies took a while , and frequent meetings of the Council of Ministers has overcome all obstacles.

Al Alaak said that talks resulted in qualifying three major companies and eventually the UAE company was selected .
Council of Ministers agreed initially for the existence of some final notes regarding the signing of the final contract to allow the Iraqi delegation of Investment Authority to complete the modifications and resubmitted to the Cabinet for approval is anticipated that the final signing will be during the next few weeks.

Al Alaak noted that not ratifying on reconstruction of infrastructure and service sectors project , which was submitted to the current parliament caused a loss of a historic opportunity for Iraq, because this project requires the commitment of a number of countries such as Brazil, Australia, Korea and Japan and a number of major companies for the implementation of various projects such as the upgrading of irrigation and building schools and hospitals and the establishment of construction projects across the country and that Iraq pay the amounts of project implementation credit in duration of time exceeding five years and that these countries and companies are committed to complete implementation of the projects in two years.

Al Alaak said that offers like that must not be neglected because Iraq's financial ability compared to the destruction in the infrastructure projects we have been witnessing require approval , noting that the political interaction was the main reason not to approve the project by the House of Representatives noting that the General Secretariat of the Council of Ministers to deliberate presenting the project to the next House of Representatives for approval.

source : http://www.iraqdirectory.com/DisplayNews.aspx?id=12036
 

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dreams of Babylon rising
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should this be added to the scam list? or is it alive?
 

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Dreams of Babylon Rising
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Discussion Starter · #3 ·
^^ gosh, I really hope not.. sadly, I haven't heard anything about this one since this article :( so you may very well be right..


$20b is too unrealistic.. sounds like one of those off-plan schemes that you talked about in other threads :eek:hno:
 

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dreams of Babylon rising
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eh? what on earth is this? the geography doesn't even look like baghdad! (won't comment on the rest, since its ludicrous).
 

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dreams of Babylon rising
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aaaaaah!!!! that's better! I was shocked thinking this was RASHID STREET area! OK! now its clear and I can see where the island is. OK. that would be great if it happened!
 

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Lol, it looks awesome
 

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dreams of Babylon rising
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lets hope its not another "dubai land" :D
 

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thanks Babil_Mesopotamia you should upload the other pics on the website, I know it is just the master plan but the details are magnificent
 

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dreams of Babylon rising
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inshalla allah kareem
 

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Wow amazing, thank you babil, I hope this is legit.
Babil ALLAH YISALIMIC YOUR ONE STEP CLOSER TO CONVERTING SHEYTAN.

Can someone please post the location of this in baghdad, via google maps. <3
 

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Dreams of Babylon Rising
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Discussion Starter · #20 ·
ok, I changed the thread title to avoid confusion with Al-rasheed Street (or even the planned Al-rasheed university area etc).

i'm setting the status as only a proposal for now, unless someone can provide evidence to change to approved status
 
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