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Emaar “in talks” on $3bn Kurdish Resort

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player46


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Emaar “in talks” on $3bn Kurdish Resort
Posted on 23 April 2013. Tags: dubai, Dukan tourist city, Emaar, Farouk Group, Farouq, Kurdistan, tourism, UAE, United Arab Emirates

Dubai-based Emaar Properties and Kurdish firm Farouq Holdings [Farouk] are reported to be in talks with the Kurdistan Regional Government about developing a new $3bn resort in Sulaimaniya governate.
Zawya reports that the KRG has approved the Dukan tourist city project, and that work could start within six months.
The director-general of the Kurdistan Investment Authority in Sulaimaniya, Farman Gharib Saeed [Farman Ghareb Saaid], said the project “is considered one of the largest … in the area, and is part of a master plan devised by the tourism authority for Dukan“.
It will cover an area of 2.4 million m2 and will contain hotels, restaurants and a theme park. Tourism numbers in Iraqi Kurdistan are expected to reach 2.5 million by next year.

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