Emaar "in talks" on $3bn Kurdish Resort

Dubai-based Emaar Properties and Kurdish firm Farouq Holdings [Farouk] are reported to be in talks with the Kurdistan Regional Government about developing a new $3bn resort in Sulaimaniya governate.

Zawya reports that the KRG has approved the Dukan tourist city project, and that work could start within six months.

The director-general of the Kurdistan Investment Authority in Sulaimaniya, Farman Gharib Saeed [Farman Ghareb Saaid], said the project "is considered one of the largest ... in the area, and is part of a master plan devised by the tourism authority for Dukan".

It will cover an area of 2.4 million m2 and will contain hotels, restaurants and a theme park. Tourism numbers in Iraqi Kurdistan are expected to reach 2.5 million by next year.

(Source:  Arabian Business, Zawya)