Iraqi government signs largest city contract with Egyptian billionaire Sawiris

Baghdad (IraqiNews.com) – Under the auspices of the Iraqi Prime Minister, Mohammed Shiaa Al-Sudani, the Minister of Construction, Housing, and Public Municipalities, Bangen Rekani, signed on Wednesday the Ali Al-Wardi city project contract, the largest residential project in Iraq, with the Egyptian businessman, Naguib Sawiris, Chairman and CEO of Orascom Investment Holding (OIH).

Out of the five new residential city projects, Ali Al-Wardi will be the largest in its initial phase and was given priority for development under the government…