5,280 Housing Unit Project for Basra

The Basra Investment Commission announced that it has received an offer to build 5,280 housing units in the “New Basra” City at a cost of $939 million [1100 billion Iraqi dinars].

The  offer came from the al-Saqr al-Jareh [al-Saqar al-Jareh] company, whose director general, Sarah Hameed Meran, said, “The project plan includes the construction of 5280 residential unit in a modern vertical design, in addition to 963 villas, shops, shopping centre, service buildings, schools, mosques, sport and health centers, water desalination plant and power plant … the cost of the project is 939 million dollars to be achieved in 10 years and that the project requires an area of 450 acres”.

“The residential sector represents a top priority for BIC in an attempt to solve the housing problem in Basra,” said Haidar Ali Fadel [Haider Ali Fadhil], the BIC Chairman.

(Source: BIC)

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