Close
Wednesday, May 14, 2025

Incriminated Turk signs $600m contract in Baghdad

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

FullSulate and Unicalce Join Forces on Sustainable Construction Additives Supply

FullSulate  has announced a strategic supply agreement with Unicalce,...

World-Leading Building Decoration Fair Opens Gateway to China’s Innovation Hub

The 27th China (Guangzhou) International Building Decoration Fair (CBD...

SAMOTER 2026: Countdown To The Next International Construction Machinery Exhibition

Verona, 5 May 2025 – The countdown for SaMoTer, the triennial...

Vehbi Orakçı, a former mayor of Istanbul’s Beylikdüzü district, previously jailed for five months over his running of a crime syndicate, has signed a $600m deal for a 6,500-building construction project in Baghdad. Orakçı has abandoned his political career and returned to his construction business following his release from prison.

“The project includes nearly 6,500 buildings, 325 offices, 325 residential apartments and a 60,000 square-meter shopping center. The total cost is $600 million, but the sales volume is expected to be $1 billion,” said Orakçı, speaking to Hurriyet.

Orakçı’s company is currently also working on another $150m project in Karbala, which includes 1,260 villas with infrastructure such as roads and cultural centers, on a 660,000 m2 site.

“Think of a country, where 40m people have not had the opportunity to buy a house for years. Even if just 1% of this population is wealthy, that is 400,000 people. That is who we are targeting. Iraq currently needs three million residences,” said Orakçı.

Vehbi Orakçı was a mayor from the ruling Justice and Development Party (AKP). He continues to claim his innocence, and that he was the victim of a conspiracy between rival businessmen and the police force.

Latest stories

Related stories

FullSulate and Unicalce Join Forces on Sustainable Construction Additives Supply

FullSulate  has announced a strategic supply agreement with Unicalce,...

World-Leading Building Decoration Fair Opens Gateway to China’s Innovation Hub

The 27th China (Guangzhou) International Building Decoration Fair (CBD...

SAMOTER 2026: Countdown To The Next International Construction Machinery Exhibition

Verona, 5 May 2025 – The countdown for SaMoTer, the triennial...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back