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Basra to develop $939m residential project

Baghdad, May 7, 2011

Plans are afoot to develop a massive residential project, comprising more than 5,000 housing units, in Iraqi city of Basra at a cost of $939 million, said a report.

The Basra Investment Commission (BIC) has received an offer from Al-Saqr al-Jareh company to set up a total of 5,280 housing units in the city in addition to 963 villas and malls, Aswat al-Iraq news agency reported.

The mammoth project to come up in Basra, about 590 km south of capital Baghdad, will comprise schools, mosques, centers, clubs and malls.-TradeArabia News Service




Tags: Basra | Residential project | housing units | Basra Investment Commission |

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