British firm to develop 16km2 area around Iraq's Baghdad Int'l Airport
National Investment Commission reportedly negotiating with Iraqi companies to develop another 49km2 around the airport
National Investment Commission for Iraq has reportedly confirmed a scheme to develop the land around Baghdad International Airport into a mixed-use hub featuring residential units and sports centres.
According to a report by Reuters, NIC has approved plans for a British firm to develop 16km2 of the site, and negotiations are under way with Iraqi regarding the construction of the project's remaining 49km2 area.
The development surrounding Baghdad International Airport will also feature residential units that will be owned by local Iraqis.
Deputy director general of NIC's economic department, Ammar Abdul-Jabbar Mussa, reportedly said the project would support Iraq’s economic development and provide employment opportunities for the public.