IRAN WINS $1.5 BILLION CONTRACT TO BUILD NEW TOWN IN IRAQ

"An Iranian firm has won a $1.5 billion contract to build a new town in the southern city of Basra... The new town will have all the facilities of a modern city... there will be a supermarket, 2,000 commercial shops as well as annexes offering different services... The town will include 5,000 housing units as well as modern amenities like schools, markets, parks and health facilities... It is Iran’s largest construction contract in Iraq since the 2003-U.S. invasion and signals Tehran’s economic arm... the countries were reported to have drawn a roadmap to boost trade exchange value to $5 billion..."
http://www.azzaman.com/english/index.asp?fname=news\2009-02-15\kurd.htm