International Companies in New Housing Projects

As the Ministry of Municipalities and Public Works said it will “will allocate land for building residential units at a nominal price”, new housing projects have just been announced in several Iraqi cities, helping to satisfy the huge demand for new accommodation in the country.

A contract has been signed with a British firm to build 3,000 houses in the holy city of Najaf, at a cost of $296m. “The housing crisis is being addressed through two approaches: the first is based on the government and the second on investments”, Aswat al-Iraq news agency quoted Governor Adnan al-Zarfi as saying.

The agency also claims that a visiting UN delegation in Diyala has revealed plans to build 8,000 housing units for displaced persons in the province.

Meanwhile, in Baghdad, Amwaj International has laid the foundation stone for a project to build 1,824 new houses near Muthanna Airport. The project will take three years to complete, and cost an estimated $111m.

A Dutch company has announced the building of 836 houses over the next two years in al Hillah, the capital of Babil province.

(Sources: Aswat Al Iraq, Eye Media Company)

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