
Damac Properties has announced the signing of a memorandum of understanding with Al Fao General Engineering Company, a subsidiary company of the Iraqi Ministry of Housing and Construction, to further develop projects in Iraq. The agreement was reached during a high-level visit to Baghdad where Damac executives met with the Minister of Housing and Construction, along with Al Fao officials. The MoU was signed thereafter, establishing a joint venture company between Damac Properties and Al Fao to begin the development of the ministry’s sites in the country. It comes less than five weeks after Damac Properties agreed a MoU directly with the Iraqi Ministry of Housing and Construction during Cityscape Global 2012 in Dubai, to develop a number of projects in Baghdad and the surrounding region. “This agreement formalises our relationship with the Iraqi government and is the first step in developing projects in Iraq,” said Ziad El Chaar, managing director of Damac Properties. “The joint venture with Al Fao General Engineering, a subsidiary company of the Iraqi Ministry of Housing and Construction, brings together two industry experts enabling the swift development of the country,” El Chaar added. From : Khlaij
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor