Kurdistan: Emaar launches $3bn development in Erbil
RELATED ARTICLES: UAE precast company to build schools in Iraq | Government funding insufficient to meet Iraq infrastructure demands Keeping with current market interest in Iraq’s infrastructure markets, Dubai-based Emaar Properties launched a $3bn development, called ‘Erbil Downtown’, in Erbil, the capital of Kurdistan region of Iraq. Relatively unaffected by the political instability that interferes with infrastructural […]
Iraq’s infrastructure markets have generated high market interest in recent times
RELATED ARTICLES: UAE precast company to build schools in Iraq | Government funding insufficient to meet Iraq infrastructure demands
Keeping with current market interest in Iraq’s infrastructure markets, Dubai-based Emaar Properties launched a $3bn development, called ‘Erbil Downtown’, in Erbil, the capital of Kurdistan region of Iraq.
Relatively unaffected by the political instability that interferes with infrastructural development in the country, Kurdistan region is viewed as an attractive investment hub, especially in the energy sector.
The project is expected to reach completion in three stages over a period of five years or sooner, if market factors permit so. Covering an area of 541,000 sqm near the city centre, the development will include residential apartments, hotels and a shopping centre.
