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View Full Version : Harwal Seals Iraq Housing Deal



Investors Iraq News
12-07-2013, 10:05 AM
By John Lee.
The Harwal Group has signed a contract to build a factory in Basra to produce the company’s new pre-fabricated housing system.
Speaking at Dubai’s Big 5 construction show, executive director and CEO of Harwal Group subsidiary Technical Supplies and Services Co. (TSSC), A.P. Dellapenna, said that the contract was of major significance:
“The factory in Basra will only be producing this new system for pre-fabricated housing – special insulated panels manufactured by lightweight concrete that are almost finished and just have to be assembled.”
“There is a very big demand due to the boost the Iraqi government is giving the area as it aims to build 600,000 new houses for the citizens of Basra in less than two years.
“The Iraq deal is an open contract – we are starting with a contract that is only $170m but it may be extended as time goes on.“
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Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2013/12/07/harwal-seals-iraq-housing-deal/)

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