Tag Archives | Housing

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

Govt Promises More Jobs and Houses

Summary of government measures to boost employment, address housing shortage and support low-income groups Prime Minister Adil Abd Al-Mahdi on Sunday chaired a meeting of the High Committee for the Distribution of Land. The Committee reviewed preparations for the distribution of plots of land to low-income groups in Iraqi provinces, and the allocation of more […]

Two More New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Arar Border Crossing Point – General Commission for Border Crossings Housing Compounds for Basra Federal Appeal Court Employees – Supreme Judiciary Council (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

Govt to support Iraq’s Cement Industry

By John Lee. The Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister, Adil Abd Al-Mahdi. The Cabinet approved a series of recommendations from the Ministerial Economic Council to support the growth of Iraq’s cement industry and to ensure that production capacity continues to meet domestic demand. No details […]

Restoration of 15,000 Homes underway in Mosul

The United Nations Development Programme (UNDP) is rehabilitating 15,000 houses in West Mosul, bringing the total number of houses in its stabilization portfolio to more than 30,000 – the largest of its kind in Iraq. The project in West Mosul covers 29 neighbourhoods that were hardest hit during the fight to liberate the city from […]

Abadi boosts Housing Fund by $669m

By John Lee. Prime Minister Dr. Haider Al-Abadi has directed an additional 800 billion dinars ($669 million) to Iraq’s housing fund. According to a statement from the Prime Minister’s office, the directive “came in the interest of providing housing loans to citizens, which is estimated at about 25 thousand new housing loan, which in turn […]

6 New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced six new investment opportunities in Iraq: New Housing Compounds, Ministry of Water Resources Lime plant in Karbala, Iraqi Cement State Company Caustic/chlorine plant in Khor al-Zubair, State Company for Petrochemical Industries Industrial and medical gases, Al-Zawraa State Company Chlorine plant in Muthanna, General Company for […]

Hanwha receives $230m Payment for Bismaya

By John Lee. South Korea’s Hanwha Engineering and Construction (E&C) has said it haws received an additional payment of $230 million from the Iraqi government for work carried out in the first half of this year on the Bismayah New City project in Baghdad. According to the report from Business Korea, the total contract is […]

ZhenHua signs East Baghdad Deal

By John Lee. China’s ZhenHua Oil [Jinhua] has signed a service contract to develop the southern part of the East Baghdad oil field. Oil Minister Jabar Ali al-Luaibi [Allibi, Luiebi] said that the signature of the contract was significant for Baghdad because it is the first project in the capital. The development of the field […]

AMH Group to build 12,000 Homes in Iraq

AMH Group is pleased to announce it has had its proposal to build 12,000 homes for the Ministry of Transport employees in Basra and Baghdad accepted by the Minister of Transport. The project will be led by an international consortium of Chinese and British companies aimed at closing the housing shortage in Iraq, whilst providing […]

64,000 New Homes Planned for Al-Rashid City

By John Lee. Zawya reports that the Iraqi cabinet has asked the National Investment Commission (NIC) to go ahead with the huge Al-Rashid City project planned for Baghdad. The $10-billion development is to be carried out by Dubai’s Emaar Properties and Abu Dhabi’s Eagle Hills, and will include the building of “up to” (sic) 64,000 […]

New Mosul Housing Units from UNHCR, Japan

700 families in West Mosul receive housing units from UNHCR with funds from the people of Japan Some 700 families in Mosul whose homes were destroyed in the recent conflict now have a new place to live. Temporary housing units were set up in 26 neighbourhoods in the west of the city, which saw extensive […]