Because of its rich oil and gas resources, its safety and security and its supportive Regional Government, the autonomous Kurdistan Region has attracted billions of dollars in investments of all kinds which have resulted in a 10% annual growth. Among the most important investment sectors are those in the oil and gas industry, construction and retail.
When it comes to land development, Erbil must be proud to be the #1 city in Iraq with the most real estate development projects both completed and under construction. Such projects include medium and high-end residential communities which comprise a multitude of business, hotel and recreation facilities.
The most ambitious of such projects is the one undertaken by Empire World – the largest Erbil Real Estate Development Company. The project concerns the building of a gated community on Airport Road just behind the Divan Hotel and between the English and the Italian Villages. The Empire World Company was established in 2007 aiming to become one of construction leaders in Iraq having successfully completed a large number of projects, including hotels, office blocks, residential developments, as well as leisure and entertainment facilities.
At the moment Empire World employs more than 1200 highly motivated employees from Iraq and abroad and the Company’s principle is to provide the public with top quality buildings, products and services in every area of activity they choose to take up. In his recent message the Company’s Chairman Mr. Peshraw Majid Agha stated that they are aware of the significant role their company plays in the growth of Kurdistan and they strive hard to support the private sector of the region by creating employment opportunities for the Kurds. He also stated the uniqueness of the Empire World Community, which is expected to be completed in 2017, by saying that they have exceeded their customers’ expectations in quality, comfort and luxury of the development.
Empire World Community
As we mentioned above the Empire World community is being built in one of the up-and-coming areas of the Kurdish capital. Apart from its central business quarter, the development features several luxury restaurants, spas, gyms, beauty salons, shopping centers, a clinic and a modern mosque for the residents. In addition to all these modern amenities, the Empire World Erbil Real Estate Development Company has planned the construction of the first Marriott Hotel in Kurdistan. This state-of-the-art hotel will be built to worldwide standards and it will have more than 200 deluxe rooms and suites, a swimming pool, a ballroom for 800 people and four 5-star international restaurants.
In the middle of the development, there is the business area which features the highest tower in Iraq. It is 127m high and has 30 floors. All around the central tower, there are 4 22-floor towers which are 79m high each.
However, the largest part of the development is for residential purposes and it includes:
The Residential Wings with a total of 1,898 apartments in 26 towering buildings
The Empire Residential Diamond Towers with a total of 532 luxury apartments
The Empire Pearl Towers with a total of 564 apartments in 7 towers
The 804 Empire Royal apartments in 32 towers
The 300 Empire Royal Villas which are the most spacious and most luxurious residences in the development