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FINANCIAL NEWS
Dubai’s Emaar plans to make a foray in Iraq
04 Oct 2012
(MENAFN) Dubai’s top developer Emaar Properties unveiled plans to enter Iraq’s property market through a new joint venture, Reuters reported.
The announcement came from Iraqi housing Minister Muhammed al-Darraji, who also said that the government will allocate plots of land to the developer to build projects.
He added that the government has allocated USD2 billion in its 2013 budget for infrastructure and housing spending.
“We are building 65,000 homes but whatever we build from our budget is not enough to meet our housing needs,” al-Darraji said on the sidelines of a real estate conference in Dubai. Iraq needs about two million housing units to tackle its chronicle-housing shortfall.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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