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FINANCIAL NEWS
Damac invests USD100m in Baghdad’s Princess Tower
21 May 2013
(MENAFN) After years of announcing its intentions to expand into Iraq, Damac Properties has already started constructing the company’s first residential complex in the country, reported Arabian Business.
The company invested USD100 million in the Baghdad-based Princess Tower, which consists of a 26-storey apartment building.
The building will be ready by 2016, and it will be one of the highest residential towers in the Iraqi capital.
Dubai-based Damac is discussing with the government new projects located in several Iraqi cities.
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