Egypt’s ORA Developers has been awarded the contract to develop a new mega residential city ‘Ali Al-Wardi’ in southeast of Baghdad, according to a report by Shafaq News agency.

The project is described as the ‘largest’ among the five new city projects, the report said, citing a statement from the Iraqi Prime Minister’s office.

Iraq's Prime Minister Mohammed S. Al-Sudani (centre) attended the signing of the contract for the new Ali Al-Wardi Residential City project. The contract was signed by the Iraqi Minister of Construction, Housing, Municipalities, and Public Works, Bangin Rekani (right), and Naguib Sawiris, Global CEO and Chairman of Ora Developers Group (left).
Iraq's Prime Minister Mohammed S. Al-Sudani (centre) attended the signing of the contract for the new Ali Al-Wardi Residential City project. The contract was signed by the Iraqi Minister of Construction, Housing, Municipalities, and Public Works, Bangin Rekani (right), and Naguib Sawiris, Global CEO and Chairman of Ora Developers Group (left).
Iraq's Prime Minister Mohammed S. Al-Sudani (centre) attended the signing of the contract for the new Ali Al-Wardi Residential City project. The contract was signed by the Iraqi Minister of Construction, Housing, Municipalities, and Public Works, Bangin Rekani (right), and Naguib Sawiris, Global CEO and Chairman of Ora Developers Group (left).

On Monday, a Zawya Projects report, quoting Shafaq News Agency said the new city, named after the late Iraqi social scientist Ali al-Wardi, will contain 150,000 residential units, and be bigger than Bismaya City, which is regarded as Iraq’s biggest residential project to date.

The Prime Minister Mohammed Shiaa Al-Sudani oversaw the signing of the contract for the new residential city between Bangen Rekani, Minister of Housing, Reconstruction, and Municipalities and Chairman and CEO of Ora Developers Naguib Sawiris.

A statement by ORA Developers said the project comes within the framework of Iraqi government’s strategy to create new residential cities outside city centres to alleviate the urban housing crisis. It said the total area assiged to the project is 61 million square metres with the actual development spanning an area of 5 million sqm.

ORA Developers operates in Egypt, Cyprus, Pakistan, Grenada, Greece, and the UAE.

(Writing by Majda Muhsen; Additional writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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