Bloom Properties delays plan for homes in Iraq
Bloom Properties says it has slowed down plans to build 40,000 homes in Iraq because of conflict in the country. Bloom, a subsidiary of the Abu Dhabi’s National Holding, said yesterday that although it had completed all design work and won the necessary approvals to build the homes in the holy city of Karbala, it had […]Lucy Barnard reports for the National:
Bloom Properties says it has slowed down plans to build 40,000 homes in Iraq because of conflict in the country. Bloom, a subsidiary of the Abu Dhabi’s National Holding, said yesterday that although it had completed all design work and won the necessary approvals to build the homes in the holy city of Karbala, it had decided to postpone construction until the situation in Iraq had stabilised.
In March 2013, at a ceremony attended by then Iraqi prime minister Nouri Al Maliki, Bloom signed a contract with the Iraqi authorities to start work on developing the Shores of Karbala housing project. The development is planned to be divided into four districts and includes hotels, offices, markets, clinics, schools and mosques.
