Ta'let Mostafa secures license for large Iraq project
Talaat Mostafa Group from Egypt has obtained an investment license for a residential and commercial project in Baghdad, Iraq, spanning an area of 12.8 million square meters. The project is expected to generate sales worth $18.8 billion. It includes approximately 43,000 housing units and will serve around 250,000 residents, with commercial and administrative facilities. The development will be located at a strategic site near Baghdad International Airport. The project is anticipated to be developed over 16 years, with all units sold within 12 years, and it is expected to generate recurring annual revenues of around $108 million.
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