By John Lee.
Abu Dhabi’s Bloom Holdings is reportedly planning to build a new town outside Karbala.
The project, which will take 10 years to complete, involves the construction of 40,000 villas, along with hospitality and educational components, according to Khaleej Times.
Sameh Muhtadi (pictured), CEO of Bloom Holdings, told the newspaper:
“We have received tenders for construction. We will select contractors this week.
“We will visit the site in two weeks as land has already been handed over.”
The mixed-use project will be funded by an international consortium.
(Source: Khaleej Times)