Tag Archives | Faruk

$1.6bn Investment in a New Tourist City

By John Lee. Asiacell boss Faruk Mustafa Rasool (pictured) has announced a $1.6-billion investment in a new tourist city on Kurdistan’s Lake Dukan. According to the report from Rudaw, the 3,250-hectare complex will include accomodation, two cable cars, an island, “and many other interesting places”. The Kurdistan Regional Government (KRG) approved the project, which is […]

Faruk Medical City (FMC) Opens

By John Lee. The new Faruk Medical City (FMC) has been opened in Sulaimaniyah. Build by Faruk Mustafa Rasool, one of the country’s richest men, the facility has 210 beds, with 53 clinics and 24 specialists. Chief medical officer of FMC, Firya Peryadi, said: “Once Iraq had the best doctors and hospitals of the region, but […]

Iraq’s Tallest Hotel Opens

The opening of Grand Millennium Sulaimani Hotel in Sulaimani, Iraq, took place on March 2nd, 2014. VIPs, guests and media across the country witnessed the grand opening of what is to become the benchmark of hospitality in Kurdistan and Iraq, and an architectural landmark for Sulaimani. Grand Millennium Sulaimani is today the tallest hotel in […]

Faruk Group, Acibadem Sign Medical City Deal

A cooperation agreement has been signed with the Acıbadem Healthcare Group towards the management and operations of the Medical City complex, established by the Faruk Group to provide modern healthcare services. As per the agreement made by Faruk Mustafa Rasool, Chairman of the Board of Faruk Group, and Mr Mehmet Ali Aydınlar, Chairman of the […]

Emaar, Faruk to Build $2bn Resort at Dukan

By John Lee. Dubai-based Emaar Properties is expected to sign a contract worth over $2 billion with Kurdish company Faruk Group Holding to develop a resort in Sulaymaniyah. Herish Muharam Muhamad, chairman of Kurdistan Investment Board (KIB), said the Dukan tourist city project will include hotels, restaurants, residential areas, cinemas and casinos. Emaar last year signed […]

New 4-Star Hotel for Sulaymaniya

Faruk Group Holding, a group of companies with a diversified range of interests including telecommunications, cement manufacturing, hotels, medical services, properties, construction and IT, recently announced the upcoming launch of the first international boutique hotel, Copthorne Hotel, Baranan in Sulaymaniyah, Iraq. The Copthorne Hotel Baranan is a four-star hotel located in the tourist district of […]

Faruk has Big Plans in Hospitality Industry

Faruk Group Holding, a major conglomerate in Iraq, has unveiled big investment plans for the northern city of Sulaymaniyah. According to Trade Arabia, the group with a diversified range of interests including telecommunications, cement, manufacturing, hotels, medical services, properties, construction and IT, has pumped more than $400 million into its hospitality industry alone. Unveiling the […]