Tag Archives | Housing

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

“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 […]

Hanwha Receives Further Payment for Bismaya

By John Lee. Hanwha E&C has announced that the company received the fourth deposit of US$387.5 million (452 billion Iraqi dinars) for the construction of the Bismayah New City (pictured) outside Baghdad. This sum brings Hanwha receipts from the project to $1.9375 billion, 25 percent of the total construction cost. The $8-billion project is the […]

The Cure For Iraq’s Economic Woes?

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. A Committee For Reconstruction – The Cure For Iraq’s Economic Woes? Thanks to security problems, political bickering and a lack of vision, there are thousands of development and construction projects […]

KRG Reviews Economy, Housing Legislation

Prime Minister Nechirvan Barzani yesterday chaired a meeting of the Kurdistan Region’s High Council for Investment to discuss various issues related to investment and the economy. In the meeting, implications of the current situation and the latest developments in the Kurdistan Region were discussed, as well as the economic crisis and the effects that Baghdad’s […]

Housing Project Completed in Najaf

By John Lee. Iraq’s minister of housing and construction Mohammed al Daraji has announced the completion of a 500 unit housing complex in Najaf, Iraq. Iraq is currently in the middle of a major drive to build 2 million new housing units, and a number of international construction firms are working on projects within Iraq […]

Hanwha Opens Precast Concrete Plant at Bismayah

Prime Minister Nouri Kamil al-Maliki has opened the new Hanwha Precast Concrete Plant at the Bismayah New City development near Baghdad. Speaking at the event, he said that “this project is our dream that has come true because it reflects our hope to provide housing units for all Iraqi people who were deprived of their […]

Empire World “On Track” for 2017 Completion

The vast Empire World real estate development — the largest such development in Iraq — is a centerpiece of the KRG’s continued emphasis on creating a business friendly environment, including a luxury hotel, a villa residential neighborhood, and a surfeit of turnkey office space, all in one sprawling complex. Slated for completion in 2017, the […]