Iraqi Firm Signs $245m Housing Deal in Basra

The Iraqi company 'al-Saqr al-Jareh' has won a $245 million contract to build 1,857 housing units in the northern outskirts of Basra city.

Khalaf al-Badran, president of the Basra Investment Commission, said that the project is to be completed within five years.

Basra province needs 200,000 additional residential units.

(Sources: Basra Investment Commission, Bloomberg)

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