News Archive

KREDCO Real Estate Co. starts development works of Central Market project, and constructs a residential tower within Erbil Mega Project

04 - March - 2013

Following the signing of the leasing contract for the Central Market situated in Erbil Mega Project in Iraq, KREDCO Real Estate Company, a subsidiary of NREC, has reached an agreement with Modern Construction Company in Erbil to initiate the construction of a 1,100 - car parking lot facility for the Central Market.

It is expected that the development plans for this project, taking place within the next few months, construction of a 21-storey residential tower will be initiated. The apartments will be offered for sale according to specifications agreed upon between KREDCO and the development company, Modering Construction.

It is worth noting that in the event of success of this phase of residential towers development, the number of the towers will be increased with the purpose of marketing them in Kurdistan, Iraq.

For more information, please call +964 7507333393