Iraq to Build 1 Million Housing Units

The government has decided to build 1 million new housing units as part of its 2010-2014 development plan, government spokesman Ali al-Dabagh said.

Dabagh said the government hoped the project will ease the current housing crisis when completed.

He said flats will be sold to the public at affordable prices and in easy-to-pay installments.

He declined to say how much the project will cost and whether any foreign firms would be involved.

The five-year development plan puts the country’s estimated need for new housing units at 2 million.

Dabagh said the government would give the housing sector priority in the five years ahead.

“The housing sector has a lot to do with other production sectors such as constructions materials industries, employment and banking,” he said.

( Azzaman )

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