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FINANCIAL NEWS
Iraq awards construction deal to Korean group
08 Nov 2010
(MENAFN) Iraq’s National Investment Commission said that it has signed a memorandum of understanding with a South Korean group to build 500,000 housing units all over Iraq, Reuters reported.
The deal could have a possible total value of $25 billion, according to previous information from the commission stating that each housing unit was expected to cost $50,000.
The group includes Hyundai, SK and POSCO, the media office of the National Investment Commission said.
The final deal is expected to be signed in January 2011, Dhiyaa al-Khayoon, a deputy minister of finance, said.
Construction in Iraq has been hampered by red tape and security concerns since the 2003 U.S.-led invasion.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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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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