Talaat Mostafa invests $18.8B in Iraq property
Talat Mustafa Group of Egypt announced that it has obtained an investment license for a large real estate project in Baghdad, with an expected sales capacity of up to $18.8 billion. The project includes 43,000 housing units spread over an area of 12.8 million square meters, aiming to accommodate approximately 250,000 residents upon completion. It also features commercial and administrative assets. Development of the project is scheduled to continue for 16 years, with all units expected to be sold within 12 years, generating recurring annual revenues of nearly $108 million.
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