By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi government takes on housing crisis The Iraqi government is mulling over several housing projects to solve the mounting housing crisis. Click here to read the full story.
Tag Archives | Emaar
By John Lee. The Iraqi cabinet has agreed to grant the Dubai-based Emaar Properties a plot of land for development at Baghdad International Airport (BIAP). The 1,000 acres will be used for a new residential area with integrated facilities, and a cultural and sports club with a golf course. (Source: Govt of Iraq)
By John Lee. Zawya reports that the Iraqi cabinet has asked the National Investment Commission (NIC) to go ahead with the huge Al-Rashid City project planned for Baghdad. The $10-billion development is to be carried out by Dubai’s Emaar Properties and Abu Dhabi’s Eagle Hills, and will include the building of "up to" (sic) 64,000 […]
Prime Minister Nechirvan Barzani kicked off the nearly-$3-billion “Downtown Erbil” project on Sunday, calling the venture that is estimated to create 35,000 jobs and transform the face of the Kurdish capital, “a milestone for the Kurdistan Region.” “This project will be a source of pride and a source of income for thousands of families,” Barzani […]
By John Lee. Dubai-based Emaar Properties is expected to sign a contract worth over $2 billion with Kurdish company Faruk Group Holding to develop a resort in Sulaymaniyah. Herish Muharam Muhamad, chairman of Kurdistan Investment Board (KIB), said the Dukan tourist city project will include hotels, restaurants, residential areas, cinemas and casinos. Emaar last year signed […]
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 […]
By John Lee. The General Commission for Iraqi Free Zones (IFZ) has signed a contract to establish a special zone for commercial activities in accordance with the Free Zones law number 3 of 1998, reports to Aswat al-Iraq. IFZ director Saleh Saleh al-Qeissi [Sabah Saleh al-Qaisi] said: "The IFZ signed an investment contract with the Eaamar […]