Tag Archives | Housing

The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News

New Iraqi Housing Schemes open for Investment

By John Lee. Iraq’s National Investment Commission (NIC) has included three major new housing programs in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: A. First phase / building 25,000 housing units in each province for […]

Iraq to ask IOCs to Build Housing, Provide Services

Iraq will ask foreign oil companies operating in the country to build housing for Iraqis employed on their projects, the oil ministry in Baghdad said in a statement on January 10. Oil Minister Jabar al-Luaibi “issued a general notice which commits contracted companies to build modern housing compounds and provide essential services to employees,” the […]

Hanwha briefs PM on Progress at Bismaya Housing Complex

By John Lee. Prime Minister Haider Al-Abadi has received a delegation from Korean company Hanwha, headed by its President and CEO, Choi Kwang-ho. During the meeting, they discussed the progress at the Basmaya housing complex near Baghdad, with the Prime Minister stressing the importance of securing the road link between the residential complex and the center […]

3,812 New Houses approved in Maysan

By John Lee. The government of Iraq has reportedly approved the construction of 3,812 new houses in south eastern Maysan [Missan] governorate. The privately-funded project on a 1.6 square km site will be completed within three years and will include services and commercial facilities. The cabinet has asked the National Investment Commission (NIC) to invite […]

“No Houses for the Arabs” in Kurdistan

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. No Houses for the Arabs: Iraqi Kurdish Council’s Controversial Ruling About Who Can, and Cannot, Buy Property Tensions between displaced Arabs in Iraqi Kurdistan and local Kurds are growing. Which […]

Iraq’s Failing Construction Projects

By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Since the fall of Saddam Hussein’s regime following the US-led invasion of Iraq in 2003, there have been hundreds of failed and delayed construction and development projects in the country. A few months after […]

Baghdad Approves 25 Projects so far this year

By John Lee. The chairman of the Baghdad Investment Commission (BIC), Shaker Al Zamli [Shakir al-Zamil, Shaker Shabib] (pictured), has told Iraq’s Arabic language daily Al Sabah that Baghdad governorate has awarded licences for 25 projects in housing, tourism, industry, health, trade and farming so far this year. One of the projects involves the construction […]

Bloom to Build 40,000 Villas in Karbala

By John Lee. Abu Dhabi’s Bloom Holdings is reportedly planning to build a new town outside Karbala. The project, which will take 10 years to complete, involves the construction of 40,000 villas, along with hospitality and educational components, according to Khaleej Times. Sameh Muhtadi (pictured), CEO of Bloom Holdings, told the newspaper: “We have received […]

Iraq, UK Firms Start Dhi Qar Housing Project

By John Lee. The foundation stone has been laid for a $92-million (108-billion-Iraqi-dinar) project to build 716 apartments in Dhi Qar, following the resolution of land disputes in the area. The Kashmara-1 project is being undertaken by the Al Mansour Company for Constructional Contracts, an affiliate of Iraq’s construction and housing ministry, and the UK’s […]

Hanwha Wins $2bn Iraq Order

By John Lee. South Korea’s Hanwha Group has reportedly won a $2.12-billion (2.5-trillion-Iraqi-dinar) order to build the social infrastructure for Bismayah New City. According to Yonhap News Agency, the agreement was signed with Iraq’s National Investment Commission (NIC) on Monday. The Group is currently building 100,000 homes at the project, which are due for completion […]