Qatari investment company Estithmar Holding has completed the concept designs for a tourism village it is planning to build in the Iraqi capital Baghdad, according to official reports.
The publicly listed company presented design to Iraqi Prime Minister Mohammed Al-Sudani, who laid the foundation stone for ‘Rixos Baghdad’ project on Tuesday.
In a report published at the weekend, the official Iraqi news agency said the project would have a total area of around 115,000 square metres and would include a 23-storey luxury hotel comprising 242 rooms and 22 presidential suites.
In June 2023, Estithmar Holding announced the signing of three MoUs worth $7 billion with Iraq’s National Investment Commission to develop new cities, five-star hotels and manage and operate several hospitals in Iraq.
(Writing by Nadim Kawach; Editing by Anoop Menon)
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