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Bahr al-Ulum calling Kuwaiti property owners in Iraq Review and the Ministry of Foreign Affairs of their country

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Bahr al-Ulum calling Kuwaiti property owners in Iraq Review and the Ministry of Foreign Affairs of their country Empty Bahr al-Ulum calling Kuwaiti property owners in Iraq Review and the Ministry of Foreign Affairs of their country

Post  Admin Sun Jan 27, 2013 7:13 pm


3:22 pm, January 27, 2013


BAGHDAD (Iba) .. He said the Iraqi ambassador to Kuwait Mohammad Bahr al-Ulum that all of their real estate property in Iraq from Kuwaiti citizens review the Kuwaiti Foreign Ministry, where there are some landlords Kuwaitis started actually in the modernization of their properties their own and also make operations sale to each.

He added that the Iraqi government has decided to compensate of Kuwaiti property owners affected in Iraq, especially those who set the confiscation of their property either return the property or compensation.

The Bahr al-Ulum told on the sidelines of the inauguration ceremony company «Dar Al Kawthar» for marketing hotel project Rawdatain in Iraq amounting to $ 150 million, that the decision to Iraqi Council of Ministers raise any reservations on the Kuwaiti real estate in Iraq, where was this decision recently and states that the Kuwaiti they are now free to dispose of their property.

Uloum stressed the need to make sure landlords and property documents of them in Iraq untouched, and it can be retrieved through private lawsuits in the courts.

He expressed great confidence in that the majority of Kuwaiti property in Iraq is safe, pointing out that the case filed by the booking system on the property is a service of Kuwaiti property in Iraq, where untouched and any damage to property documents.

Commenting on the approval of the National Assembly on the debt settlement airline Iraq, Uloum said it the product of a political understanding between the two parties Kuwaiti and Iraqi, and he has been reached that settlement and compensation Kuwait Airways Corporation $ 500 million in exchange for dropping lawsuits all for Iraqi Airways.

Uloum revealed that the Iraqi side put the amount of 500 million dollars in the bank at once for the benefit of the Kuwaiti side was notified of this, and the Kuwait Foundation is currently working to bring down the cases through the courts, wishing completed in the near future.

On the order of Kuwaiti companies operating in Iraq, compared GCC markets, Uloum said that Kuwaiti companies to enter Iraq, but described arranged Balkhjul very, and there are companies that worked in the field of oil, communications and some investment companies in the field of investment housing, mused that the Kuwaiti companies a role in investment future of Iraq that need to efforts of many investors in the region, pointing at the same time that the Kuwaiti investor careful and considering entering into other markets very carefully.

Uloum called all investors to enter the Iraqi market, stressing that he is a promising market, and he is now receiving several opportunities, for example, requires Iraq to 3 million units in most of the Iraqi provinces.

Al Qabas Newspaper


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