01 November 2013

Posta Newspapers / Bora Can Yıldız: "Irak is in the search of investors to build dwellings"

Bora Can Yıldız, the Chairman of the Board of EID Construction represented Turkey in the Infrastructure Conference held in Dubai as a speaker. Underlining that the market in Middle East still has a great potential, Yıldız said: “Iraq needs 2,5 million new dwellings for the upcoming period. The government of Iraq allocated a budget of $ 36 billion for the construction of new dwellings until 2016. The number of the people dying because of the traffic accidents caused by the infrastructure problems is higher than the people dying in the explosions in Iraq. 500 new bridges and 4.500 km long road will be built in Iraq next year. The Turkish companies encounter many obstacles due to the tension between the central government of Iraq and Turkey. Despite this, the Iraqi and Turkish people desire to overcome such obstacles. If the companies go by the book in Iraq, they can get a share from the $ 1 trillion worth market in the medium term.”

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