Cornerstone laid for $238m housing compound in Tikrit

SALAH AL-DIN / IraqiNews.com: Salah al-Din’s deputy governor laid the foundation stone for the largest housing compound in the city of Tikrit on Thursday at about $238 million, to be set up by a Jordanian company, an official said. “Ahmed Abduljabbar al-Kareem laid the foundation stone for the project in the area of al-Qadissiya in Tikrit through coordination with the Salah al-Din Investment Commission,” Tami Saab, the commission’s assistant director, told IraqiNews.com news agency. “The project, named al-Salam (Peace) City, envisages the construction of more than 2500 housing units, to be financed by a Jordanian investor at a cost of $238 million, and would stand over an area of 1,000 donums,” he added. One Iraqi donum equals 2500 square meters. Saab noted that the project would take two years to finalize, adding the units would be 200-300 square meters in the form of apartments and small villas. “The project will also include service utilities, a mosque, a hospital, schools and gardens”. Tikrit, the capital city of Salah al-Din province, lies 175 km north of Baghdad. AmR (TS) 770