Bloom Properties signs contract to develop 'City of the Future' in Baghdad

Sun, Sep 15, 2013

Under the patronage and presence of Prime Minister Nouri Al Maliki, Bloom Properties, the property development and real estate arm of National Holding, signed a contract with the Iraqi National Investment Commission for the development of 50% of 'City of the Future - Madinat Al Mustaqbal' in the capital, Baghdad.

The development has been conceptualised to host 15,000 residential units including 2,500 townhouses and villas as per the current master plan. In addition, the city within a city will feature mosques, sports and social clubs, gardens and green landscapes, retail facilities, kids' nurseries and international schools and clinics, as well as public amenities such as police station, municipal office, post office and a civil defence centre. A total of 209,960 square meters will be allocated to green areas which will include children playgrounds and two district parks.

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