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Iraq predicts $145bn investment in hospitality sector

24 January 2010

Iraq's National Investment Commission (NIC) has said that the country's hospitality sector could see an influx of $145bn (Dhs532.15bn) over the next five years, with an estimated 22% of that investment originating from the UAE, Emirates Business has reported. "NIC plans to draw $500bn into Iraq over the next five years, with 29% of that attributed to the hospitality industry alone," NIC's Dr Aifar Fahd, Manager, Economic Department said.

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