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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