Iraq cancels Damac project
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Iraq cancels Damac project

Iraq cancels Damac project

Iraqi Kurdistan has cancelled a $15bn property project that was to be built in Erbil by Dubai-based developer Damac Properties, The National has reported. "The Damac project was cancelled because they did not start the project in time," Hayder Mustafa Saaid, a director general at the Kurdistan regional government's investment board said, adding the board had cancelled the licence for the project. The Tarin Hills project was to be a mixed-use development including luxury villas, two five-star hotels, a theme park, golf course, shops and business parks, on 1,580 hectares of land outside Erbil, the capital.

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