Keywords : present value

Feasibility Analysis of The Establishing Mosul Tourist Park Project


TANMIYAT AL-RAFIDAIN, 2022, Volume 41, Issue 136, Pages 192-211
DOI: 10.33899/tanra.2022.176215

The tourism sector is one of the basic sectors of the economy of any country because it achieves economic and social benefits and achieves important goals. The (Al-Mosul Tourist Park) project is one of the tourism projects that have been feasibility study for it, as it seeks to create multiple groups and a variety of purposes and tasks. The total area of ​​the project is ( 62500 square meters equivalent to 25 dunums) and with an invested capital of (26,200) million dinars (ie twenty-six billion and two hundred million Iraqi dinars), the project is located in the forest area in the city of Mosul near the third bridge in the left of the city, as the study aims to: Establishing an integrated project as much as possible that serves the city and contributes to its development in several respects, in addition to providing entertainment facilities in it; That is to find out whether the establishment of this project will achieve economic feasibility or not? The problem of the study is also focused on the enormity and breadth of the project, as it needs a lot of data and information, and obtaining it requires consulting many experienced people with different specializations, which requires great effort during the feasibility study. The study relied on descriptive and analytical approaches by collecting information in the field and then analyzing it according to the criteria for studying the feasibility of economic projects. The study reached conclusions, the most important of which is that the project achieves economic feasibility from the point of view of commercial profitability criteria, whether it uses current value transactions in its accounts or not using these transactions. The study suggested that it is possible to establish the project as it achieves financial feasibility (achieving good returns for the investor) and from an environmental point of view by adding it aesthetically and from an economic point of view by adding a project at the regional and national levels and increasing the urban and urban development in the country and providing it with new job opportunities.