Emaar To Develop US$3bn Project In Erbil
News: UAE-based developer Emaar will develop a US$3bn community project in Erbil in the region of Iraqi Kurdistan. The project, dubbed Downtown Erbil, will be developed on an area of 541,000 sq m. The 10-year project would comprise 15,000 residences, three five-star hotels, restaurants, a shopping mall and 715,000 sq m of office space. The project is expected to create about 45,000 jobs, according to Kurdish Prime Minister Nechervan Idris Barzani. 'Downtown Erbil shows the growing importance of Erbil and Kurdistan, while at the same time it will be another economic milestone for Erbil and the Kurdistan region', Barzani said (Arabian Business).