Bradley Hope

ERBIL, IRAQ // In a single fell swoop earlier this summer, the UAE became the biggest source of foreign investment for the northern region of Iraq known as Kurdistan.

The announcement by Damac Properties of a US$4.5bn (Dh16.52bn) property development outside the capital city of Erbil has proven to be the beginning of a wave of investment by UAE companies looking to join in the economic revival of Iraq.

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Posted by boyang at October 21, 2008 9:10 AM