Search results for "Maabar"

$21bn for Housing Project in Baghdad

The Iraqi government has decided to allocate $21 billion USD (25 trillion IQD) to implement the Rashid Housing project. AKnews reports that the preliminary negotiations with the UAE-based contractor, Maabar, are completed, and the final contract will be signed by the end of 2011. Rashid Barracks in Baghdad were used by the former Iraqi army […]

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$66bn New Projects from Abu Dhabi Developers

Dr Sami al Araji, the chairman of Iraq's National Investment Commission, has said that Abu Dhabi-based developers have closed deals worth $66bn [79 trillion Iraqi dinars] for housing projects in Iraq. The companies involved are Bloom Properties and Al Maabar. Bloom Properties' projects include a $30bn development in Karbala, and $15bn to provide 300,000 dwellings […]

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$238m Real-Estate Development in Baghdad

CNN reports that work will soon begin on one of the biggest real-estate projects in post-Saddam Hussein Iraq, which some say is a sign things are looking up for the country's economy. Iraqi-Jordanian real estate company Amwaj International is behind the ambitious Baghdad development, called Baghdad Gates. The scheme will cost $238 million and will […]

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