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Feb 14 2012

Basra sanctions $107m housing project

BASRA - Basra Investment Board has agreed to a housing bid worth of $107.703 million USD.

Khalaf Badran, head of Basra Board, said the project which the Iraqi Falcon Company will carry out soon includes construction of 1857 housing units on 227 donums in Rabet Kabir area.

The project includes 90 four-floor building. There will be four flats in each floor. Some 417 villas of 250 to 300 cubic meters as well as three shopping centers are also stipulated in the project.

There will remain some unexploited area in the project which the government will use for the provision of some basic services.

© AK News 2012

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