$2b Housing Project in Mosul

A housing project called Ayn al-Iraq, consisting of 20,000 residential units at a total cost of $2 billion, was announced during a ceremony at the Ninewa International Hotel in Mosul city, according to a report from Aswat al-Iraq.

“The mega project is being implemented by 57 Iraqi and foreign companies at a cost of $2 billion,” Ismail al-Barazanji, the chairman of the board of al-Oroush Company, the project investor, told the news agency on the sidelines of the ceremony attended by a host of officials and businessmen from Ninewa province and the Iraqi Kurdistan Region.

“The space allotted to the project is estimated at 4,000 donums [1,000 hectares] in western Mosul and would involve 20,000 housing units,” he added.

Barazanji noted that the project also includes shopping malls, schools, swimming pools, entertainment centers, mosques, health clinics and security centers.

(Source: Aswat al-Iraq)

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