Five-star hotel being built in Najaf (12/10/05)



Three Kuwaiti real estate groups plan to spend $100 million building a hotel in the Iraqi city of Najaf.
 
New 5 star hotel to have initial investment of $100 million
 
The Kuwaiti partnership is working with Iraqi investors, who expect to get needed permitting approvals next month, MENA reported Wednesday.

All workers at the facility will be Iraqis, and the Iraqi investors will own the land on which the hotel is being built.

The initial investment in the five-star hotel will be $100 million.

Source: Iraq Directory

 


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