Monday, April 29, 2024

Baghdad

Amwaj begins construction on Iraq’s $420m Karbala Gate project

 Amwaj begins construction on Iraq’s $420m Karbala Gate project

Baghdad (IraqiNews.com) – Leading Iraqi real estate developer Amwaj International has started construction on the $420 million mixed-use Karbala Gate project, which will include 796 villas with a mix of two- and three-bedroom units and have accommodation for up to 4,700 people.

With a variety of essential services spread throughout a 517,806 sq m area, Karbala Gate aspires to revolutionize urban life in Iraq’s holiest city. According to Amwaj International, these include a cutting-edge smart AC system, a centralized gas system driven by solar energy, as well as vast green areas and a lively boulevard to create a thriving community core.

The villas are slated to be occupied by the first tenants by the end of this year, with the project’s complete completion anticipated in 2027.

“This development project is a significant milestone in our ongoing commitment to providing Iraq with a built environment that fits the needs of its modern citizens via vibrant residential communities,” said Amwaj’s Founder and Chairman Namir El Akabi.

“Located in central Karbala, 1 km from Karbala International Stadium and approximately 4 km from The Holy Shrine of Imam Hussain, the mixed-use development aims to celebrate its culturally rich surroundings, while also generating opportunities for urban renewal amid a period of significant investment in Karbala, a city which lies at the heart of Iraq’s religious tourism industry,” said El Akabi.

Karbala is now seeing an increase of new construction and developments. In order to promote religious travel, a 120-kilometer road between Baghdad and Karbala just opened. Additionally, the currently under construction Karbala International Airport is anticipated to be the biggest airport in Iraq when it is finished this year.