al rida investment group is a leading, diversified company. The group started as a construction company in 1997, the economic growth witnessed in Iraq since 2003 provided the market opportunity for the company to diversify into number of interrelated business activities which included real estate development, large project onvestment, construction material manufacturing, banking, & accounting services. In 2015 al rida investment group was formed to act as a holding company, following that spv was created for each type investment to realize the full potential of given business activity The group’s vision is to become the No. 1 investment firm in the Iraqi strategic projects. The execution strategy is focused on providing the local content, finance, network and support while partnering with regional and International companies for technical expertise and large project management skills and support. al rida group currently financing and engaged in number of projects like Karbal International Airport (kia) and number of real estate development reaching more than 2 billion usd. al rida group team consist of local and International experts covering wide range skills and expertise.
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REAL ESTATE INVESTMVENT In the past 40 years, Real Estate development suffered from absence of planning, lack of government funding, in addition to number of laws that lowered the private investments This led to housing shortage to reach unprecedented level whereby the current market needs is estimated to be 2.8 million units according to MOH, and this shortage applies to all market segments commercial, luxury villas and entertainment.
Real Estate Projects
A. Jawahir Dijla Luxury apartment compound build on one of the most prestigious locations with unique river and holy shrine view includes: • Three types of multi-service apartments categories, the first of its kind in Iraq • A total of 15 buildings •
4 different types and sizes apartments ranging from 300 – 137 m2 totaling 1524 units
• the field of land 137,266 m2 and implementation of a four-year period • The compound includes shopping mall, river side entertainment area which include restraints and cafes, schools and medical center. • 18,000 m2 of public parks and children fun area
40% Complete 240,000,000 $
1,524 units 1,625,000 M2
B. Sufouh Dijla The project vision to create a modern city center for Baghdad that provide multitude of activates like offices, hotels, entertainment, mall, museum, serviced apartment and offices. Using previse successful projects like Dubai downtown will be constricted on Al Arass island the largest island on the Tigers river with a total land of 1,650,000 m2. The location is surrounded by numbers of high value land.
BUSINESS DISTRICT OFFICES BUSINESS CENTER BUSINESS HOTEL
SHOPPING MALL
GOLF CLUB HOTEL & RESORT MEDICAL CENTER RELIGIOUS CENTER THEME PARK
1,500,000,000 $ 1,625,000 M2
11,000 M2
C. Mall Teebat Al Jadryia A high-end mall where the visitors can follow the latest fashion by shopping from the most popular brands. A place which provides people a new and different shopping experience with the view of green landscape in a charming atmosphere. Visitors to jtm will have the opportunity to shop in the street atmosphere and in a natural environment without being affected by weather conditions. • Area of 11,000 m2 • The first building is a mall with three floors and a basement
• Mediates the mall street width of 12 meters includes cafes and restaurants • Linking the mall and the garage two bridges
• Fourth floor is a cinema
• Stores are 14,000 square meters
• The second building is a multi-storey garage (five floors) with a capacity of 600 cars
• Basement is 5,200 square meters (markets)
• The last floor of the garage is a ski land hall
• An area of restaurants and cafes 10,000 square meters
2 AIRPORT DEVELOPMENT Today, Iraq has 7 commercial airports of which only five are currently operational. Together, they serve around 10 million passengers (pax) per year. None of them Airports offers a pleasant traveler experience and the current facilities in these Airports are below the International standard.
Karbala International Airport (KIA) Al Rida is the main investor in the construction, development & operation of kia. The master plan was completed by the French company adpi it includes 2 runways & 3 terminals to accommodate a pax per year capacity of 20 million. Teebat Karbala (spv) is implementing this airport in phases, whereby part 1 of phase 1 targets a capacity of 3 million pax per year. The Vision is the development of a full Airport City, where kia becomes its anchor tenant. The Airport City would include a free zone, residential development, schools, hospitals, hotels, parks, a convention center among other things.
million PHASE 1 6Passengers per year adjusted for pilgrimage million PHASE 2 12 Passengers per year adjusted for pilgrimage
PHASE 3
20 million
Passengers per year adjusted for pilgrimage
WHY KARBALA ? The shrine of Imam Hussein the most revered figures in Islamic history, the grandson of Prophet Mohammed, who was martyred in 680 a.d. is located in Karbala. On Ashura, an estimated 4.5 million pilgrims visit his shrine in Karbala. 40 days later, on the day called Arba’een, pilgrims from around the world descend on Karbala to participate in the Arba’een, the number of pilgrims to Karbala swells to over 22 million. Furthermore, on other occasions during the year, Karbala receives several million religious tourists as well. The old city of Karbala is very dense and has not seen development for centuries. The cost of real estate within the city is one of the highest in the world. The kia will enjoy large passenger demand from the 6.5 million regional population and the 320 million Shia international tourism
Consultants
3 MANUFACTURING The manufacturing industry is an essential economic driver for the non-oil based companies in Iraq. Unfortunately, many industrial factories that were the backbone of Iraq economy have fallen behind the global manufacturing standards. Despite this challenge, Iraq presents a unique opportunity in the Gulf region, having a substantial resource base of both minerals and hydrocarbons. The country is also endowed with considerable freshwater resources, a sea-port in the Arabian gulf with easy access to shipping lanes, an educated population, and a strong management with technical skills. These factors combine to create the potential for a leading industrial power among Gulf countries.
Iraq’s existing industrial sector is broad and includes both light and heavy industries from vehicle manufacturing to rug factories. Iraq also has a domestic pharmaceutical industry and chemical industry.
Product
Origin
Investment USD
Capacity
Stats
Manufacturing Precast panel
ebawe
18,000,000
48w00 m2/8 h
Operational
Precast panel
nuspil
9,000,000
1800 m2/8h
Operational
Hollow core
echo
7,000,000
1100 m2/8h
Apr-16
2,500,000
2560 m2/8h
Operational
Lightweight Concrete Tile Casting Plant
ital
2,000,000
500 m2/ 8h
Operational
Concrete Block Casting Plant
ital
1,500,000
550 m2/ 8h
Operational
Concrete Additives & Adhesives
1,500,000
Clay Brick Plant Asphalt Plant
Operational
12,000,000
160000 per day
marine
4,000,000
120 T/1h
fomindustries
2,500,000
Operational
nuspil
3,000,000
Operational
wiggert, liebhere
2,500,000
Operational
Operational
Workshops Aluminum Sections Workshop Carpentry Workshop
Others Concrete Batching Plant (qty 12) Vehicles & Heavy Equipment
20,000,000
4 FINANCE Iraq remains one of the most under banked countries in the Middle East and North Africa Region (mena). According to estimations, almost 80% of Iraqis have no bank account. As relative stability has returned to Iraq, commercial banking has seen significant growth in their business. Still, access to bank branches and atms is very limited within the country. There are approximately 900 bank branches serving 33 million Iraqi’s that is equating to one branch serving 36,000 Iraqi. We see opportunity in this challenge. Al Rida Investment owns 1. 12% share holding in the National Islamic Bank 2. Aswar exchange company
L O C A L I T Y 915 - A L L E Y 33 - H O U S E 3 . A L J A D R Y A H - B AG H DA D - I R AQ
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