$199 Million to Build 2,000 New Homes

The Iraqi government has awarded contracts worth $199 million to two construction companies  to build 2,000 homes in the southern provinces of Thi Qar [Dhi Qar] and Muthanna, reports Bloomberg.

Markez Inc., an Iraqi-American company incorporated in Maryland, but with no contact address on its website, secured a $139 million deal to build 1,000 homes within three years, according to Louay Mousa, president of the Thiqar Investment Commission.

Koma Co. of Iraq is to build another 1,000 homes at a cost of $60 million in Samawa, the capital of Muthanna province, Adil Dakhil, president of al- Muthanna Investment Commission, told Bloomberg.

(Source: Bloomberg)

One Response to $199 Million to Build 2,000 New Homes

  1. Sammy April 5, 2012 at 12:10 pm #

    Looking at the website of this company and the provided information; I dont think I would trust that the mentioned project is going to be executed according to the mentioned plan. There is somthiing weird about it that speaks dout