Licences to Build $1.9 Billion Houses in Najaf

The Najaf Investment Commission approved 17 investment licences to build a total of 19,000 houses in Najaf at a cost of $1.9 billion, according to the chairman of the commission, Wafi al-Bahash.

Aswat al-Iraq reports that the Commission has recently approved more than 125 licenses in all fields, including 17 to Iraqi and foreign companies to establish 19,487 houses in the province at a cost of $1.9 billion. The projects will be implemented over the next two years.

“The projects will solve the housing crisis in the southern province,” he added.

[Photo: Najaf Investment Commission inspecting contstruction sites, Feb 2011]

(Source: Aswat al-Iraq, Najaf Investment Commission)

Wafi al-Bahash

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