Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Consorzio Stabile Italia 2010 Wins $247 Million Iraq Home Order

Don't Miss Out —
Follow us on:

June 13 (Bloomberg) -- Italy’s Consorzio Stabile Italia 2010 won a $247 million contract to build 2,000 homes in the southern Iraqi region of Diwaniya, a provincial official said.

The project will be built within three years on the southwestern side of Diwaniya city, Majid al-Mehanna, spokesman for the Diwaniya Investment Commission, said by telephone today. The province needs 100,000 residential units, he said.

Iraq, which holds the world’s fifth-largest reserves of crude oil, is seeking foreign investment to help rebuild an economy and infrastructure damaged by years of war, sanctions and underinvestment.

In March 2010, the government approved plans to build 1 million apartments by 2014 for lower- and middle-income families to reduce the housing shortage. For Top Gulf stories: {TOP GULF <GO>} For Middle East banking: {TNI MIDEAST BNK <GO>} For Gulf real estate news: {TNI GULF REL <GO>}

To contact the reporter on this story: Khalid al-Ansary in Baghdad at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.