Iraq says new hotel to be investment milestone

[FarCenter]

Baghdad: A US-based investment group laid the foundation stone for a $100 million luxury hotel in Baghdad on Saturday.

The five-star Baghdad Two Rivers hotel project in the Green Zone was the first business proposal to be licensed by Iraq's new National Investment Commission.

...

Iraq's foreign direct investment was a mere $272 million in 2006, according to United Nations statistics.

Iraq's Finance Ministry leased the investment group a prime spot for the 300-room hotel, within sight of Baghdad's iconic crossed-swords monument.

...

"We have studied the investment situation in Iraq and think it is very positive...We believe the security is just right for our investment," said Robert Kelley, chief executive of the US-based Summit Global Group, which is building the hotel.

http://www.gulfnews.com/business/Real_Estate_Property/10230209.html

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Wonder how mortar-resistant it is?

[marmar]

1. Now the REAL pillaging and plundering can begin.....

n/t

[Arctic Dave]

2. Can you say propaganda, I knew you could.

Everything is fine. See, were even building a hotel. No problems here. Right? Riiight.

I'm going to guess this imaginary hotel will include a unicorn for every guest.