Baghdad (IraqiNews.com) \u2013 Talaat Moustafa Group (TMG), a leading Egyptian conglomerate specialized in real estate development, announced on Monday that it has obtained an investment license for an integrated project in Baghdad with projected sales of $18.8 billion.<\/p>\n
The company said in a statement that the project will be developed on an area spanning \u200b\u200b12.8 million square meters and will feature around 43,000 residential units, projected to house over 250,000 people when completed.<\/p>\n
The project will include non-residential properties, such as commercial and administrative assets. It will be located in a strategic area of the financial and economic district, near Baghdad International Airport.<\/p>\n
The license was issued by Iraq\u2019s National Investment Commission (NIC). TMG said that the project represents an important milestone in its regional expansion strategy.<\/p>\n
When completed, the project will create $18.8 billion in total sales, as well as about $108 million in annually recurring revenue from rental and hotel properties.<\/p>\n
TMG explained that the project\u2019s development phase is scheduled to last around 16 years, with all units being sold within 12 years.<\/p>\n","protected":false},"excerpt":{"rendered":"Baghdad (IraqiNews.com) \u2013 Talaat Moustafa Group (TMG), a leading Egyptian conglomerate specialized in real estate development, announced on…\n","protected":false},"author":2,"featured_media":140743,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[14],"tags":[1711,14602,655,94,43367,43368,46237,46238],"class_list":["post-140742","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iraq","tag-baghdad","tag-baghdad-international-airport","tag-egypt","tag-iraq","tag-national-investment-commission","tag-nic","tag-talaat-moustafa-group","tag-tmg"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116675963931894736","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/140742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=140742"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/140742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/140743"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=140742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=140742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=140742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}