18 Nov 2012
(MENAFN) Damac Properties’ managing director, Ziad El Chaar, announced that the Dubai-based firm inked a Memorandum of Understanding (MoU) with Iraq’s Al Fao General Engineering Company to set up a joint venture to develop projects in Iraq, reported Arabian Business.
The joint venture would develop sites owned by the Iraqi Ministry of Housing and Construction.
El Chaar said that recently, Damac has singed a MoU directly with Iraq’s Ministry of Housing and Construction during Cityscape Global 2012 in Dubai, aimed at developing several projects in the Iraqi capital and the surrounding region.
He added that work on the ministry’s projects are forecasted to start early 2013, after a full evaluation of the land and development mix has been finished.
The company, which already has two plots of land in Baghdad, has also projects under development in Dubai, Abu Dhabi, Saudi, Qatar, Jordan, Egypt and Lebanon.
It is worth noting that in 2013, Iraq is forecasted to approve USD10.4 billion worth of construction and infrastructure projects.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more