BIC receives offer to establish 5280 housing units

BASRA / IraqiNews.com: The Basra Investment Commission received an offer to establish 5280 housing units in the “New Basra” City at a cost of 939 million dollars, BIC chairman said on Friday. “The BIC got an offer from the al-Saqr al-Jareh company to set up 5280 housing units at the New Basra City, in addition to establishing 963 villas and malls,” Engineer Haidar Ali Fadel told IraqiNews.com news agency. “The project includes also schools, mosques, centers, clubs and malls,” he added. Basra is 590 km south of Baghdad. SH (TP) 691