Dubai-based Emaar Properties and Farouq Group Holding, a leading diversified Kurdish company, are set to sign a contract to build a resort worth over $2 billion in the northern region of Kurdistan, a report said.

The project will be built at the artificial lake Dukan near the border with Iran, Herish Muharam Mohamad, chairman of Kurdistan Regional Government's investment board, was quoted in the report in Gulf Times.

The project will feature hotels, restaurants, residential districts as well as theatres and casinos, the report added.