Govt awards new city project to Egyptian and Chinese firms

Iraq has awarded a new city project comprising nearly 120,000 houses to two Egyptian and Chinese companies along with a local partner.

Egypt’s Mountain View Company and China Railway will build Palm City in the Southern Basra province after it was approved by the Iraqi cabinet along with similar other projects in various parts of Iraq.

The project in Basra also includes the construction of hospitals, shops, roads, power facilities, industrial zones and greening areas, Basra Governor Asaad Idani said, adding that Iraq’s Al-Safi Group is the third investor in the project.