Bonyan Sulaimani
City Helps Develop Kurdistan Region
Author: Moussa Ahmad
Source: BI-ME
31 January 2008
Kurdistan. Abdullah Atatreh, Chairman of Bonyan International Investment Group,
one of the major real estate development companies in the UAE has announced a
partnership and strategic alliance with the Iraqi Al Hanthal Group.
Al Hanthal is considered as one of the most prominent developers operating in
and Kurdistan Iraq and it owns multiple businesses in the Middle East and GCC
.This partnership will lead to the establishment of the new company Bonyan
Kurdistan.
The new company aims at putting the professional expertise and capabilities of
Bonyan International Investment Group, which has already developed major
projects in the UAE and several Arab countries, into the development of
Kurdistan.
Atatreh said that the Bonyan Kurdistan company will shortly be launching a first
of its kind mega real estate project in Iraq Kurdistan called Bonyan
Sulaimani City, an integral and modern project comprising residential and
commercial towers, villas, shopping malls and two hotels. Bonyan Sulaimani
city will cover approximately an area of one million square meters and is
located in Sulaimani province.
“The project’s architectural plans are being currently finalised and are
expected to be completed within three months. The project is divided into
several stages, the first of which will be completed by 2010”, he added.
Moreover, he mentioned that Bonyan Kurdistan is planning on developing other
projects in Kurdistan and the new company is studying further investment
opportunities in Arbil and Dahuk.
Wadih Al Hanthal, Chairman of Al Hanthal Group, explained that Bonyan Kurdistan
enjoys the full support of the Kurdistan Regional Government, which is planning
on supporting the project and which is working hard on attracting international
investment companies.
He also stated that Bonyan Kurdistan gained the attention of the government and
the support of both, the Prime Minister Nechirvan Barzani who gave his blessing
to the partnership joining the two parties, and the Deputy Prime Minister Omar
Fattah who kept a close eye on the procedures related to the company and the
project.
Bonyan International Investment Group and Al Hanthal Group praised the support
and care given by Herrish Muharam, head of Kurdistan’s Board of Investment for
the evolution of the Bonyan Kurdistan projects.
Kurdistan is located in Northern Iraq. Its unified government is ruled by
Nechirvan Barzani who was elected in January 2006. Kurdish and Arabic are its
two official languages and the population exceeds 5 million. Kurdistan, rich in
natural resources and agricultural products comprises three provinces: Arbil,
Sulaimani and Dahuk, all known for their picturesque nature, with lakes, rivers,
high mountains and plains abounding the region.
Kurdistan, currently the most secure region of Iraq, is witnessing a
fast-growing construction sector and a steady economic expansion with national
and foreign investments, especially Turkish and American companies, reaching
into billions of dollars.
Bonyan has delivered a wide range of properties across the region, including
Rose Tower the world's tallest hotel apartment tower, Dubai and Lulu Tower,
Sharjah. Furthermore, the company's Al Jaddaf project is considered as one of
its largest development in the UAE, as well as the Lagoon Twin Towers and Palm
Twin Towers in Qatar.
