| |
|
|
 | Iraq, S Korea's Hanwha ink USD7.75b housing contract  | |
MENAFN -
- 31/05/2012
|
|
|
(MENAFN) Iraqi state television broadcasted the ceremony of signing a USD7.75 billion final deal between the government and South Korea's Hanwha Engineering & Construction company, which will construct housing units on the borders of the country's capital, reported Gulf News.
The Iraqi TV stated that the project, which includes the establishment of 100,000 housing units, is part of a proposal by Iraq's National Investment Commission to set up 1 million new housing units for a total value of USD50 billion.
On the other hand, Iraqi officials stated that the country needs up to 3 million new houses for the growing population.
It is worth noting that years of war and sanctions crumbled Iraq's infrastructure, with the country facing shortages in the number of houses, in addition to chronic power shortages.
|
| |
|
|
MENA News Headlines
|
 | May 21 2013 | Saudi- National Water Company to invest SR 50 bn in new projects ,Arab News | | (MENAFN - Arab News) The power and water sectors are experiencing a massive boom in Saudi Arabia, according to Abdulrahman Almutari, head of privatization at the National Water Company (NWC).
He ... |
| | May 21 2013 | ACE appoints Nikhil Soman as Financial Lines Underwriting Manager, MENA region ,MENAFN Press | | (MENAFN Press) MANAMA, Bahrain - Monday, May 20th 2013 [ME NewsWire]
(BUSINESS WIRE)--ACE Group today announced the appointment of Nikhil Soman as Financial Lines Underwriting Manager for its ... |
| | May 20 2013 | Dubai's DEWA launches USD29m substation ,MENAFN | | (MENAFN) Dubai Electricity and Water Authority (DEWA) MD and CEO, HE Saeed Al Tayer, announced that the utility has opened a substation in Dubai Marina valued at USD29 million, reported Arabian ... |
| | May 20 2013 | Strong foundation for a thriving 'Medical Tourism' industry in UAE ,MENAFN Press | | (MENAFN Press) Dubai, UAE:
The UAE is currently witnessing progress in the global medical tourism industry today. Being a melting pot of cultures and located only a few hours away from one third ... |
| | May 20 2013 | Saudia to start flights to LA, Toronto ,MENAFN | | (MENAFN) Saudia's deputy director general, Abdul Aziz Al-Hazmi, announced that the Kingdom's national carrier will add Los Angeles and Toronto to its North American network, reported Arabian ... |
| | May 20 2013 | Indonesia names new finance minister ,AFP | |
(MENAFN - AFP) Indonesia's president on Monday named the country's investment chief as the new finance minister, putting him in charge of Southeast Asia's top economy at a time of major ... |
| | May 20 2013 | EU, China have 'much to lose' in case of trade war ,AFP | |
(MENAFN - AFP) The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they ... |
| | May 20 2013 | Yahoo! to buy blog-maker Tumblr for $1.1 bn ,AFP | |
(MENAFN - AFP) Yahoo!'s board has approved a deal to purchase the popular blogging platform Tumblr for $1.1 billion in cash, The Wall Street Journal reported.
The deal, if confirmed, would be the ... |
| | May 20 2013 | Britain's Cameron makes personal plea to tax havens ,AFP | |
(MENAFN - AFP) British Prime Minister David Cameron on Monday wrote to leaders of oversees tax havens, urging them to help the country's efforts to combat tax evasion and avoidance.
Cameron sent a ... |
| | May 20 2013 | Danone strikes deals to meet China's taste for yogurt ,AFP | |
(MENAFN - AFP) French food industry group Danone is ramping up its presence in the growing Chinese market for dairy products with two deals on Monday to tap sales of yogurt and health foods, the ... |
|  more... |
|
|
|
|
 |
|
|
|
|
