UAE Invests in Big Housing Project in Baghdad

A firm based in the United Arab of Emirates (U.A.E) will invest in a big housing project in the Iraqi capital, the Baghdad Mayoralty said on Sunday.

“The company will invest $20 billion over a period of 10 years,” the mayoralty said in a release received by Aswat al-Iraq news agency.

The project will consist of 65 thousand housing units.

“The compound will provide housing  for 500-600 thousand people,” it explained

( Aswat Al Iraq )

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