Iraqi firm al-Faw this week started to build a US$50m housing complex in Iraq’s third largest city, Mosul, according to Aknews, at the same time that two more complexes are announced.
The Mosul project will create another 100,000 housing units, three schools, a shopping complex and four health centres. It is due to be completed in just one year’s time.
The next projects are also being lined up. Housing minister Mohammed Sahib al-Darraji told Aswat al-Iraq that two more sites had been confirmed, both of them in the Thi Qar province. The towns Souk al-Shiyokh and Shatra are the beneficiaries. Work will begin in 2012.
Iraq is short two million homes, according to the housing minister.
(Source: Aknews; Aswat al-Iraq)