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Mon 22 Apr 2013 10:39 AM

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Emaar said to be in talks on $3bn Kurdish resort

Dubai-based developer reportedly in discussions on major project in northern Iraq

Emaar said to be in talks on $3bn Kurdish resort

Emaar Properties and Kurdish firm Farouq Holding are in talks with the Kurdish Regional Government (KRG) in northern Iraq about developing a new $3bn resort, according to Zawya.

It said the Kurdish government had approved the project and that work could start on the Dukan tourist city project within the Sulaimaniya governate within six months.

The director-general of Kurdistan's investment authority, Farman Gharib Saeed, said the project "is considered one of the largest tourist projects witnessed 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.

Malawi Jarba, head of the KRG's tourist committee, said that tourism numbers had been rising rapidly and were expected to reach 2.5m by next year.

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