Turkish Firms Win $11.3 Billion Baghdad Contract, Hurriyet Says

By Mark Bentley – Dec 10, 2010 8:09 AM GMT+0100

Six Turkish companies won a $11.3 billion housing contract to redevelop the Sadr City district of Baghdad, Hurriyet said.

The group, which includes Kur Insaat, Kazova Insaat, Iskaya AS and Kocoglu Insaat, won the four-year contract from the Baghdad municipality yesterday, according to the Istanbul-based newspaper.

The companies will build 75,000 housing units, providing accomodation for more than half a million people in the impoverished shanty district, Hurriyet said. Funding will come from the central Iraqi government, it said.

To contact the editor responsible for this story: Mark Bentley at [email protected]

via Turkish Firms Win $11.3 Billion Baghdad Contract, Hurriyet Says – Bloomberg.