
UK-based developer Range Hospitality and the Abu Dhabi investment company Noor Capital have teamed up to develop a complex of five-star serviced apartments in Iraq.
The Range – Karbala, in the city of Karbala, in central Iraq, is to have upwards of 650 units (a mix of studios, one-bedroom and two-bedroom apartments) and is scheduled to be finished in 2013.
Reports put the cost of the development at US$100 million.
www.hvs.com